by Julian Benson | Aug 2, 2023
Yesterday, the US dollar gained 1% against the Canadian dollar as CPI data reported a notable slowdown in Canadian inflation and has continued to strengthen this morning. The US dollar also gained 0.3% on the euro yesterday, although it’s not yet clear what prompted...
read more
by Julian Benson | Aug 2, 2023
In Germany, the unemployment rate fell to an unexpected 5.6% in July, lower than both market expectations of 5.7% and June’s 5.7%. However, the report found that excluding Ukrainian nationals, there would have been an increase in the number of jobless individuals due...
read more
by Julian Benson | Aug 2, 2023
Sterling fell to a three-week low against the US dollar on Tuesday as economists digested economic data and stubbornly high inflation. It peaked at a 15-month high in mid-July before falling after UK inflation came in lower than expected in June. GBP/USD: the past...
read more
by Julian Benson | Aug 2, 2023
The pound lost 0.45% and 0.80% against the euro and US dollar yesterday as UK recession fears remain ahead of the Bank of England’s (BoE’s) interest rate decision tomorrow. According to Reuters, traders believe there is a 62% chance the BoE will raise Bank Rate by 25...
read more
by Charles Purdy | Aug 1, 2023
It was a mixed day for the greenback yesterday with modest growth against the pound and euro but hefty losses against yesterday’s big winner the Australian dollar. While there was no data to write home about yesterday, today we’ll have JOLTs Job Openings, as well as...
read more
