by Charles Purdy | May 3, 2022
The big story continues to be the strength of the US dollar, which has strengthened by a minimum of 3% against the next nine major currencies over the past month. The prompt for that has been, firstly, the multiple risks that face the global economy right now, from...
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by Charles Purdy | Apr 29, 2022
The dollar has lost some of its strength against the euro and the pound but remains firm. The US economy saw an “unexpectedly severe” decline in the first three months of 2022. US GDP fell by around 0.35% in January-March as rising inflation, covid-19 and supply chain...
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by Charles Purdy | Apr 29, 2022
The euro has strengthened slightly against the dollar but remains pressured amid a cautious market mood. Markets continue to express concerns following news that Russia has halted gas supplies to Poland and Bulgaria. There are reports that some European energy...
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by Charles Purdy | Apr 29, 2022
The pound is trading around similar levels against the euro but has strengthened against the dollar following broad greenback weakening. UK house prices rose at a slower annual rate in April than March, by 12.1%. This was below market expectations of 12.6%. The...
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by Charles Purdy | Apr 29, 2022
The pound has strengthened slightly against the euro and the dollar this morning following poor US data. The US economy saw an “unexpectedly severe” decline in the first three months of 2022 when GDP fell by around 0.35%. The euro has also benefitted from this broad...
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