by Charles Purdy | Sep 19, 2022
The US dollar has leapt into the new week, gaining against all major currencies. Its biggest strength has been against the euro and Chinese renminbi, as the markets prepare for another 75 basis point interest rate rise from the Fed’s interest rate committee, the FOMC,...
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by Charles Purdy | Sep 19, 2022
The single currency has weakened against almost all major currencies this morning, including by as much as a third of a cent against the US dollar, taking it marginally below parity once again. Several members of the ECB’s rate setting committee are speaking this...
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by Charles Purdy | Sep 19, 2022
Sterling’s sharp reversal against almost all major currencies last week was caused by a worsening picture for its economy overall, but also by the market’s view of the BoE potentially rowing back on a 75 basis interest rate rise at Thursdays meeting of the MPC. That’s...
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by Charles Purdy | Sep 19, 2022
Last week sterling fell to its lowest point since early 2021 against the euro and its lowest for 37 years against the US dollar. It followed not just a string of disappointing economic readings, but also ones that international investors felt will limit the hand of...
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by Charles Purdy | Sep 16, 2022
The dollar’s fortunes were patchy yesterday, strengthening markedly against the pound and various other dollars, but making no gains on the euro. This morning USD/GBP has reached a new multidecade high. The countries’ relative performances on retail sales tells the...
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