The dollar is strengthening against a basket of currencies this morning due to the yield of 30-year treasuries increasing, which has been fuelled by market optimism over the US stimulus package.
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The ZEW Indicator of Economic Sentiment figure for Germany was released yesterday, increasing by 9.4 points from the previous month to 71.2 in February, well above market forecasts.
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The inflation rate came in at 0.7% year-on-year in January, which was above market expectations of 0.6%. This was due to a rise in furniture and food prices.
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Sterling continues to be well supported by the UK’s vaccine rollout, falling infection rates and hopes for economic recovery. The government says it has vaccinated 15 million people, which means that just over one in four adults have…
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The dollar’s 10-day slide against the euro and pound continued yesterday, albeit in a fairly muted way. The dollar lost against most major currencies, including GBP, NZD and CHF.
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It was an up-and-down day for the euro against the US dollar yesterday, but all within fairly tight margins, and that has continued in early trading today.
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Sterling continued its climb against the euro yesterday, hitting another highest level since last spring. It also set a new nearly three-year high against the US dollar.
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As Covid-19 causes Mardi Gras celebrations to be cancelled around the world today, in many countries for the second year, the UK continued to see 25% falls in cases and hospitalisations compared to last week, and nearly a…
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