by Charles Purdy | May 10, 2022
It’s been another powerful week for the US dollar, strengthening by at least 1% and as much as 3% against most of its major rivals. The one exception has been the euro, which it has weakened against. There wasn’t much to write home about yesterday on the data front,...
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by Charles Purdy | May 10, 2022
The single currency has held onto most of the strong gains it made last week of between 0.50% and 3.50% against its major rivals, while being pegged back a little yesterday against all but the US dollar and Japanese yen. It’s not a very busy day for data, but there...
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by Charles Purdy | May 10, 2022
The pound has remained broadly steady against the euro since Friday, while strengthening fractionally against the US dollar. However, early trading today has been negative. There wasn’t a huge amount of data around yesterday, but the UK housing market is remaining in...
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by Charles Purdy | May 10, 2022
Sterling swung by around 0.5% against the euro yesterday before returning to where it started the week. It showed some growth against the US dollar and is currently close to 1% against its lowest point on Monday morning. Early movements this morning are so far...
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by Charles Purdy | May 9, 2022
The dollar has held onto its strength at the start of this week and is trading higher against most major currencies. The Federal Reserve raised interest rates from 0.75% to 1.0% last week, however, discussions of future hikes were less hawkish than expected. The...
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