by Charles Purdy | Nov 17, 2023
The greenback was left treading water against the pound and euro yesterday, as the markets continued to ponder which central bank will be cutting interest rates first in 2024. There was certainly no lack of commentary from FOMC members yesterday, and that continues...
read more
by Charles Purdy | Nov 17, 2023
There was plenty of movement for the euro yesterday, but ultimately the only serious gains, of around 0.6% were against the Canadian and Australian dollars. This afternoon we’ll hear final readings for eurozone inflation. There will also be comments from European...
read more
by Charles Purdy | Nov 17, 2023
Sterling slipped slightly yesterday from its two-month high against the US dollar, while drifting to a new six-month low against the euro. This morning’s worst retail data for nearly three years has knocked it further. Retail sales were at their lowest level since...
read more
by Charles Purdy | Nov 17, 2023
Sterling resumed its stop-start decline against the euro yesterday, reaching its lowest point since mid-May. It’s been a much more positive story against the US dollar, where the pound hit a two month high this week. What could explain the divergence in fortunes? Both...
read more
by Julian Benson | Nov 16, 2023
The renminbi and yen are at their weakest against the US dollar since 2008 and 1990, respectively. While US president Joe Biden and his Chinese counterpart, Xi Jinping met on Wednesday, it’s unlikely exchange rates were the topic of choice. The Financial Times...
read more
