The US dollar was the big loser from Monday’s chaotic trading. The dollar index shed 0.3% as the pound and euro strengthened by over half a cent. American markets could well have a bumpy return to their desks…
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Many might have expected the euro to fold under the threat of another painful round of tariffs. That wasn’t the case on Monday, when the euro strengthened by half a cent against the US dollar.
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For technical reasons (specifically the date chosen to measure consumer prices around Christmas), analysts at major banks are struggling to forecast tomorrow’s inflation release. Inflation is expected to hold steady or tick up slightly, but the final number…
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Currency markets were rocked on Monday by Donald Trump’s plan to slap tariffs on Nato members supporting sovereignty for Greenland amid the ongoing crisis.
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The gloves are off in the latest threat to global peace and security – that’s his words – as on Saturday President Trump ramped up the pressure on Denmark, Europe and NATO to hand over Greenland to the…
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Early signs are that the dollar is sinking against most global and European currencies this morning. The normal pattern in times of economic or actual strife would be investors flocking to safe havens such as USD, but these…
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It’s still hard to gauge the effect on the euro of the news over the weekend, but the dials certainly seem to be twitching. Also today, we’ll get eurozone inflation shortly, and the ZEW Economic Sentiment Index tomorrow.…
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Early trading suggests sterling exchange rates are particularly vulnerable to the effects of President Trump’s threatened new round of tariffs. This was already a pivotal week for the pound, with a host of high-level data starting with unemployment…
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