by Charles Purdy | Sep 29, 2023
Yesterday was a good day for the single currency, with gains of as much as 0.75% against the yuan and a bit less against the US and Canadian dollars. This is despite the deluge of negativity from the data readings yesterday and this morning. So far today German retail...
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by Charles Purdy | Sep 29, 2023
For once, we’re not reporting a new low for the pound against the dollar, as it staged a small come-back yesterday, taking weekly losses to just 0.75%. Against the euro, sterling gained close to 1% between Monday and yesterday morning, before slipping back. This...
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by Charles Purdy | Sep 29, 2023
Sterling had a positive day against the US dollar, strengthening by around half a cent and regaining the week’s losses. There has also been some success against the euro too, with a similar rise since the start of the week. Nevertheless, as we reach the end of the...
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by Julian Benson | Sep 28, 2023
US stock The Dow Jones lost more ground yesterday as the threat of a governmental shutdown loomed. On Tuesday, it lost nearly 400 points after the latest home sales results and shed nearly 110 yesterday. For more on currencies and currency risk management strategies,...
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by Julian Benson | Sep 28, 2023
When asked when the rate hiking cycle would end, European Central Bank member, Frank Elderson, said, “There is still a lot of uncertainty. That’s why we take these decisions meeting-by-meeting, on a data-dependent...
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