by Christopher Nye | Sep 15, 2023
The single currency had a singularly bad day, weakening around 1% against most of the dollars, as the markets accepted that record interest rates have reached their limit and may even decline. This morning we’re getting final reports on inflation for August, with...
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by Christopher Nye | Sep 15, 2023
Over the course of the day, sterling lost around 1% to the Canadian and Australian dollars and 0.6% against the yen and US dollar. However, it strengthened marginally against the euro, as the markets came to the conclusion that the ECB’s rate-rising cycle is now over....
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by Christopher Nye | Sep 15, 2023
It was day of mixed fortunes for sterling yesterday, a small rise against the euro and a sharp fall against most other currencies. The reason for its successful afternoon session against the euro was not so much the European Central Bank’s (ECB’s) decision to raise...
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by Charles Purdy | Sep 14, 2023
The dollar bounded out of the traps when the US markets opened today, in reaction to a small rise in inflation. However, it was pegged back by the core inflation data suggesting the battle is still going the Fed’s way and the overall gain was around 0.25% against the...
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by Charles Purdy | Sep 14, 2023
The single currency was unable to be pinned down yesterday, with modest rises against the Scandinavian currencies but weaker against the various dollars. The ECB’s monetary policymakers have been meeting at the bank’s headquarters in Frankfurt, Germany, and will...
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