by Christopher Nye | Feb 20, 2023
The dollar index (DXY) holds near its strongest levels in six weeks, trading around 104 on Monday. This follows stronger-than-expected economic data from the US, plus hawkish remarks from Federal Reserve officials which kept the currency afloat. The latest data...
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by Christopher Nye | Feb 20, 2023
The euro moved further away from its nine-month high against the US dollar touched on February 2nd, as market-watchers looked to the dollar for safe-haven buying amid expectations that the Fed would remain Hawkish. This comes after the recent PPI data which suggested...
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by Christopher Nye | Feb 20, 2023
Pound sterling touched its weakest level since January 5th, as investors rushed to the greenback amid renewed bets of the Federal Reserve remaining hawkish with its monetary policy tightening. Britain’s softer-than-expected inflation rate easing tightening...
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by Christopher Nye | Feb 20, 2023
Sterling begins the day weaker than the euro and US dollar, by approximately 0.25% and 0.06%, compared to this time last week. Markets will look to the eurozone and United Kingdom for the latest purchasing managers data which will be released over the course of this...
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by Charles Purdy | Feb 17, 2023
The US dollar strengthened across the board yesterday, while stocks fell. It followed warnings from policymakers that strong rate rises will continue, potentially with a 50 basis point rise at the next FOMC meeting rather than the predicted 25. The Dow Jones fell 300...
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