by Charles Purdy | Aug 11, 2023
The dollar strengthened by around 0.5% across the board yesterday, with inflation taking the headlines. While CPI inflation is at 3.2%, accelerating from June’s 3%, core inflation fell to 4.7%. Moderating underlying price pressures are positive signs, and included a...
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by Charles Purdy | Aug 11, 2023
The single currency gained against all but the US dollar yesterday, in a relatively quiet day for data. Yesterday and this morning we have seen final results for July’s inflation from several major economies. There have been no great surprises, although France’s has...
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by Charles Purdy | Aug 11, 2023
The pound has bounced a little higher this morning following better-than-expected GDP data. However, it is still 0.5% down on the week compared to the US dollar and around half that amount down against the euro. Anyone buying Norwegian krone or Japanese yen, on the...
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by Charles Purdy | Aug 11, 2023
The British economy grew by 0.5% in June, taking the quarterly figure for April to June to 0.2%. The pound responded immediately, but only strengthening by around 0.1% to 0.2% against the euro and US dollar and it remains down on the week overall, for now. GDP (gross...
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by Julian Benson | Aug 10, 2023
The US dollar maintained its strength against the Japanese yen yesterday, marking three days of consecutive advances, despite falling US treasury bond yields and uncertainty surrounding the Federal Reserve’s policy. For more on currencies and currency risk management...
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