The dollar has lost some of its strength against the euro and the pound but remains firm. The US economy saw an “unexpectedly severe” decline in the first three months of 2022.
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The euro has strengthened slightly against the dollar but remains pressured amid a cautious market mood. All eyes will now be on eurozone GDP data later today.
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The pound is trading around similar levels against the euro but has strengthened against the dollar following broad greenback weakening. UK house prices rose at a slower annual rate in April than March, by 12.1%.
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The pound has strengthened slightly against the euro and the dollar this morning following poor US data. The US economy saw an “unexpectedly severe” decline in the first three months of 2022 when GDP fell by around 0.35%.…
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The dollar is strong against a basket of currencies, still benefitting from its status as a ‘safe-haven’ currency amid worries over the global economy and news that Russia has cut gas supplies to Poland and Bulgaria.
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The euro is still struggling against a range of currencies and fell to a 5-year low against the dollar this morning. This followed news that Russian gas supplier, Gazprom, has stopped supplies to Poland and Bulgaria.
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The pound is still weak against the dollar this morning but has gained some ground against the euro since yesterday. It continues to suffer against the greenback due to poor economic data releases and a dip in the…
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The euro is weaker against the pound and the dollar this morning following news that Russia has halted its gas supply to Poland and Bulgaria. Russia has said that the action has been taken due to the two…
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