USD: Mixed labour signals cool market

The US dollar seemed to be in a pensive mood yesterday, despite the long-awaited Non-Farm Payrolls result looking better than many expected. PMI comes out later today and next week the post-shutdown data splurge continues. USD/EUR past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...


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EUR: Calm before the storm for euro?

There was little movement for the euro yesterday, but that may not be the pattern for today with the PMI numbers coming out. ECB President Christine Lagarde will be speaking soon, as will other interest rate setters from the ECB, a week ahead of the inflation data....


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GBP: Markets wait for PMI report

Sterling was treading water against EUR and USD yesterday, despite a strong current of high-level data flowing around it. It’s a quiet week for data coming up, but that will be the last thing on the currency market’s mind with the Budget coming up on Wednesday. Expect...


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More bad news for chancellor ahead of Budget

Government borrowing is even higher than expected and shoppers aren’t shopping, are the two pieces of bad news that chancellor Rachel Reeves has woken up to. The Office for National Statistics (ONS) says the UK borrowed £17.4bn in October to cover gaps between tax...


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USD: Minutes make an impact

The FOMC latest meeting minutes helped support the US dollar yesterday and overnight. After a hawkish cut, it was no surprise to see the Fed’s caution greeted with dollar strength, although there remain a few members who believe the risks are to employment rather than...


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