by Charles Purdy | May 31, 2022
The euro’s advance on the US dollar has now extended into a third week, as it reaches its strongest for well over a month. There was also modest strengthening against the pound. It’s a big week for data in the eurozone. That started yesterday with higher-than-expected...
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by Charles Purdy | May 31, 2022
Sterling slipped against the euro yesterday while strengthening marginally against the US dollar in a choppy sort of day. There was nothing on the data front to excite the markets from the UK side, and that continues through the foreshortened working week, apart from...
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by Christopher Nye | May 31, 2022
The dollar’s losses and the euro’s gains continued into another week. Between the two, the pound strengthened against the former and lost against the latter yesterday. On the economic front, the European Union has agreed to ban 90% of oil imports from Russia in...
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by Christopher Nye | May 30, 2022
The dollar is weaker against a basket of currencies this morning. This is due to a calmer global risk environment and expectations that the Federal Reserve will pause its interest rate hikes later this year. News that China is starting to relax Covid-19 measures has...
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by Christopher Nye | May 30, 2022
The euro is stronger against the dollar this morning due to recent comments from several European Central Bank officials. After President of the ECB, Christine Lagarde, confirmed last week that an interest rate hike will take place in July, the euro has strengthened....
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