by Charles Purdy | Sep 5, 2023
The dollar lost out to the pound and euro yesterday. With the US markets closed for Labor Day, traders outside the US had ample opportunity to consider the implications of Friday’s surprising rise in unemployment to 3.8% and third month in a row with non-farm payrolls...
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by Charles Purdy | Sep 5, 2023
It was a positive day for the single currency yesterday, strengthening against almost all major rivals apart from sterling. Four members of the ECB’s rate-setting panel were speaking yesterday, but without saying anything that particularly spooked or perked up the...
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by Charles Purdy | Sep 5, 2023
Sterling continued its slow but steady rise against the euro yesterday, taking its rise close to 1% since last Tuesday and back to where it started last week against the US dollar. However, that has reversed so far this morning in early trading. The markets are firmly...
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by Charles Purdy | Sep 5, 2023
Sterling strengthened across the board yesterday, on a quiet day for data in the UK and with Labor Day in the US. This morning has been a little more lively so far, with a drop of close to 0.5% against the US dollar and a small but sharp drop against the euro. The...
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by Julian Benson | Sep 4, 2023
On Friday, economists heard that the US unemployment rate rose to 3.8% in August from 3.5% in July. This is the highest rate seen since February 2022. This lowered the odds of further Fed hikes.
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