by Charles Purdy | May 31, 2022
The US dollar has been the biggest loser in the currency arena for the past month and that continues right through to the end of the May. Yesterday was Memorial Day and a public holiday, with no data releases. Today there will be house price data – will there be any...
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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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