by Julian Benson | Sep 6, 2023
The dollar index rose to its highest level since March on Tuesday, hitting 104.6 as disappointing PMIs came in from China and Europe. There are indications that the Federal Reserve will pause its rate hiking cycle in its next meeting. For more on currencies and...
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by Julian Benson | Sep 6, 2023
Service sector PMIs for the eurozone dropped below 50, signalling a recession. Said weak activity may have been driven by the European Central Bank’s money-tightening policy.
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by Julian Benson | Sep 6, 2023
UK retail sales were unexpectedly high at 4.3% against a forecast of 2.0% and above the three-month average of 3.6%. However, with soaring inflation still impacting prices, experts warn that price hikes may be masking a drop in...
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by Julian Benson | Sep 6, 2023
The pound lost 0.4% against the dollar yesterday as UK business activity fell in August for the first time since January. Sterling rebounded from its lowest level since mid-June as the British composite Purchasing Managers’ Index (PMI) figures came in at 48.6, higher...
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by Charles Purdy | Sep 5, 2023
The dollar lost out to the pound and euro yesterday. With the US markets closed for Labor Day, traders outside the US had ample opportunity to consider the implications of Friday’s surprising rise in unemployment to 3.8% and third month in a row with non-farm payrolls...
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