by Charles Purdy | Jun 30, 2022
The dollar has been strengthening against most major currencies due to its status as a safe haven currency. Support for the dollar comes due to worries about how the need to tackle high inflation by hiking interest rates could trigger a recession. At the ECB’s forum...
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by Charles Purdy | Jun 30, 2022
The euro is weaker against the dollar this morning, largely due to dollar strength. The single currency also fell due to comments from European Central Bank President, Christine Lagarde, who spoke at the ECB’s forum yesterday. She stated that low inflation was...
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by Charles Purdy | Jun 30, 2022
After falling at the beginning of the week, the pound is starting to recover against the euro this morning but is still weak against the dollar. The final GDP readings for the first quarter of this year came in this morning, showing that the UK economy expanded 0.8%...
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by Charles Purdy | Jun 30, 2022
The pound is still weaker against the dollar this morning but has begun to recover against the euro. Worries about high inflation and a potential recession are helping the dollar and weighing on sterling. At the European Central Bank’s forum yesterday, Bank of England...
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by Charles Purdy | Jun 29, 2022
The dollar has strengthened across the board this morning as recession fears have boosted its safe haven appeal. Poor economic data releases from the US did not prevent the dollar from strengthening. The consumer confidence index dropped to its lowest level in 16...
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