by Charles Purdy | Oct 13, 2023
The dollar resumed its three-month long upward trajectory yesterday, powered by persistent inflation. The Dollar Index (DXY) strengthened by 0.71% as inflation continued at 3.7% – not far off double the Federal Reserve’s target. Coming on top of last week’s...
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by Charles Purdy | Oct 13, 2023
It was a decidedly mixed day for the single currency, with close to a 1% drop against the US dollar but a 0.3% rise against sterling. This morning’s inflation data came in as predicted in the ‘flash’ report, at 4.9% in France and 3.5% in Spain. In the former that...
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by Charles Purdy | Oct 13, 2023
The US inflation news didn’t just affect GBP/USD. The pound dropped by around a third of a cent against the euro too. From the UK’s GDP data, the most successful parts of the economy were services, especially in the professions and education, while sports activities...
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by Charles Purdy | Oct 13, 2023
The US dollar strengthened sharply yesterday, by as much as 1% against the pound, 1.4% against the Australian dollar and 0.75% against the euro. The cause was America’s inflation report. It showed no change in September, staying at 3.7% annually, with core inflation...
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by Julian Benson | Oct 12, 2023
US stocks extended gains on Wednesday for the fourth day in a row as Treasury yields receded following dovish comments from the Fed. The S&P 500 added close to 0.5%, the Dow Jones added almost 130 points and the Nasdaq increased by 0.7%. For more on currencies and...
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