by Charles Purdy | Apr 26, 2022
It was a case of the best of times and the worst of times for the single currency. The euro strengthened against NOK and SEK but weakened against every other major currency yesterday, including very marginally against USD. While the euro had been buoyed over the...
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by Charles Purdy | Apr 26, 2022
Sterling traded essentially sideways against the euro yesterday while slipping yet further against the US dollar. There are no significant data releases remaining today, but there will be CBI Distributive Trades (a measure of retail sales balance), which has been...
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by Charles Purdy | Apr 26, 2022
Sterling ended yesterday close to its lowest level against the US dollar since late summer 2020, while making no serious gains against the euro following Friday’s drop. Movements yesterday were not due to anything much happening in the UK, although what data there was...
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by Charles Purdy | Apr 25, 2022
The dollar is stronger against a basket of currencies this morning, benefitting from its safe-haven status due to concerns about global economic growth and signs that the Federal Reserve will continue to tighten monetary policy. Federal Reserve Chairman Jerome Powell...
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by Charles Purdy | Apr 25, 2022
The euro is strong against the pound this morning following news that Emmanuel Macron defeated Marine Le Pen in the French Presidential elections. It is the first time in 20 years that a governing French President has been re-elected. Macron won by 58.54% of the votes...
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