The dollar has weakened slightly against the euro this morning. The US saw mixed data releases yesterday. Two Fed officials will speak today and markets will be listening closely for comments on interest rate hikes.
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Several Federal Reserve officials are due to speak today. Any ‘hawkish’ comments that support Chairman Jerome Powell’s speech last week could boost the dollar.
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The euro is struggling against the dollar this morning ahead of PMI figures for Germany and the eurozone, which are set to be released later today.
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After strengthening at the beginning of this week, the pound is slightly weaker against the euro and the dollar this morning but still trading around strong levels.
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The pound is weaker against the dollar this morning ahead of a series of key data releases across the board. PMI figures will be released for the UK, EU and US today, giving an indication of how each…
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The dollar strengthened against a basket of currencies this morning, still benefitting from ‘hawkish’ remarks earlier this week made by Federal Reserve Chair, Jerome Powell.
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A series of PMI data will be released for the eurozone and Germany tomorrow, which will give an indication as to how both economies have performed in March.
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This morning, UK inflation figures for February have come in higher-than-expected. Annual inflation rate increased to 6.2%, up from January’s reading of 5.5% and above market forecasts of 5.9%. It is the highest inflation rate since March of…
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