by Christopher Nye | Oct 15, 2021
The dollar is still weaker against most major currencies this morning. It is thought that this current weakness is due to profit-taking on long dollar positions as markets start to factor in the Federal Reserve’s upcoming tapering. Producer prices in the US increased...
read more
by Christopher Nye | Oct 15, 2021
The euro appears to be taking its lead from the dollar’s dynamics but is slightly stronger this morning. After the majority of European Central Bank members offered a dovish and more relaxed view towards eurozone inflation, Klaas Knot, the Dutch Governor, argued...
read more
by Christopher Nye | Oct 15, 2021
The pound strengthened against the euro and the dollar over the course of yesterday and has broken key levels this morning. The pound was boosted following ‘hawkish’ signals from the Bank of England. Officials indicated that interest rates could be increased soon....
read more
by Christopher Nye | Oct 15, 2021
The pound has strengthened against the euro and the dollar this morning, breaking key resistance levels. Markets will now be watching to see if sterling can maintain this strength throughout the day and close above these levels. Sterling was boosted yesterday by...
read more
by Christopher Nye | Oct 14, 2021
The dollar weakened slightly against most currencies following the release of US inflation data yesterday. US inflation rate hit a 13-year high, rising to 5.4% in September, slightly higher than expectations of 5.3%. However, core inflation stayed at 4% as expected,...
read more
