by Christopher Nye | Dec 30, 2025
It’s been a torrid month for the dollar with losses averaging 1% in the past week and 2% in the past month against most pairs, including sterling. This evening we’ve got the FOMC minutes coming out, which may well have the power to move the market late in the...
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by Jonathan Cook | Dec 29, 2025
With just three days to go in 2025, financial markets received their customary “Santa rally” as stock markets finished last week on the front foot. While there was action elsewhere, things were a little more restful in the land of currency. The pound, the euro and the...
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by Jonathan Cook | Dec 29, 2025
For the pound, Christmas Eve saw marginal movement at most. A range of about 0.2 cents against the euro and the US dollar slowed the momentum from earlier in the week, although that was to be expected given time of year. GBP/USD: the past year 1 Min 5...
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by Jonathan Cook | Dec 29, 2025
The euro’s bumper year was driven by significant interest rate disparity between the European Central Bank and other major rate setters. As those gaps narrow, analysts expect relative value to be driven more by economic fundamentals like growth, putting more onus on...
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by Jonathan Cook | Dec 29, 2025
Action was limited in US dollar markets last week, although we did get another indication that the president’s preference for the next Federal Reserve chair would be someone more dovish. Donald Trump said he didn’t want another “egghead” in the Eccles building,...
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