by Charles Purdy | Jul 14, 2022
The dollar is strong against most major currencies this morning following the release of US inflation figures yesterday. Inflation came in at 9.1% year-on-year, beating expectations of 8.8% and the highest since 1981. Energy prices rose 41.6%, the most since April...
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by Charles Purdy | Jul 14, 2022
The euro is still weak against the dollar this morning and EUR/USD reached parity yesterday for the first time in 20 years. This has occurred due to a mixture of both dollar strength and euro weakness. The euro continues to suffer as a result of the war in Ukraine and...
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by Charles Purdy | Jul 14, 2022
The pound is still trading at strong levels against the euro this morning. This follows better-than-expected GDP figures, which were released earlier this week. The figures revealed that the UK economy grew 0.5% in May, better than the 0.0% predicted. This has...
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by Christopher Nye | Jul 14, 2022
Data released yesterday revealed that US inflation hit a 40-year high in June, reaching 9.1%. This was higher-than-expected and was driven by high energy and food costs. The dollar has strengthened on increasing worries of a recession. In response to this, the euro...
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by Charles Purdy | Jul 13, 2022
The dollar is stronger against the euro and most major currencies ahead of the release of US inflation data, which is expected this afternoon. Inflation is expected to increase slightly in June to 8.8%, whilst core inflation is expected to slow slightly. If these...
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