by Jonathan Cook | Mar 4, 2026
After benefitting from the crisis in the Middle East, the US dollar faces a couple of tricky labour releases before the week is out. Non-farm payrolls and unemployment data could knock the dollar from its perch after strengthening by nearly 2% against its main rivals...
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by Jonathan Cook | Mar 4, 2026
An interesting research note from Deutsche Bank yesterday highlighted the correlation between the euro and the price of energy. Essentially, for every 10% rise in the price of oil, there has been a 0.8% decline in EUR/USD since 2017. That’s because markets view energy...
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by Jonathan Cook | Mar 4, 2026
The Bank of England must chart a course through another crisis. Should the conflict in the Middle East persist, it may find cutting interest rates at the pace we expected just weeks ago to be a stretch. For now, the pound is facing a volatile outlook. GBP/USD: the...
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by Jonathan Cook | Mar 4, 2026
The pound teetered on Tuesday as the rapidly escalating crisis in the Middle East ripped its way through commodities and into currencies and government debt. Sterling fell to its lowest level against the US dollar since early December. Gilt yields meanwhile shot up,...
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by Jonathan Cook | Mar 3, 2026
The US dollar’s strong performance across another manic Monday proved it retains broad appeal as a safe-haven. It was also helped by an unexpected outperformance in the ISM manufacturing study, which again pointed to a resilient and dynamic economy. EUR/USD: the past...
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