by Charles Purdy | Sep 29, 2023
Falls across the board for the US dollar, as slightly disappointing GDP data put the mockers on hopes for an interest rate rise at the Fed’s next meeting. Later today we’ll get a mass of data on business mood, but the main event of the day will be a reading for...
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by Charles Purdy | Sep 29, 2023
Yesterday was a good day for the single currency, with gains of as much as 0.75% against the yuan and a bit less against the US and Canadian dollars. This is despite the deluge of negativity from the data readings yesterday and this morning. So far today German retail...
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by Charles Purdy | Sep 29, 2023
For once, we’re not reporting a new low for the pound against the dollar, as it staged a small come-back yesterday, taking weekly losses to just 0.75%. Against the euro, sterling gained close to 1% between Monday and yesterday morning, before slipping back. This...
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by Charles Purdy | Sep 29, 2023
Sterling had a positive day against the US dollar, strengthening by around half a cent and regaining the week’s losses. There has also been some success against the euro too, with a similar rise since the start of the week. Nevertheless, as we reach the end of the...
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by Julian Benson | Sep 28, 2023
US stock The Dow Jones lost more ground yesterday as the threat of a governmental shutdown loomed. On Tuesday, it lost nearly 400 points after the latest home sales results and shed nearly 110 yesterday. For more on currencies and currency risk management strategies,...
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