by Christopher Nye | Aug 31, 2021
Well, we said that Jackson Hole could be pivotal and in the past week the US dollar has fallen significantly against all of its major competitors, including by in excess of 1% against NOK, NZD, AUD, SEK, ZAR, INR and BRL. The picture is less bad against EUR and GBP,...
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by Christopher Nye | Aug 31, 2021
The single currency strengthened by around 1% over the past week and very marginally against sterling last week. It’s a busy week for data, especially on GDP, unemployment and inflation. With economic growth vs inflation worrying governments, yesterday’s marginally...
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by Christopher Nye | Aug 31, 2021
It’s been a mixed week for sterling, with 0.5% rises against the US and Canadian dollars, little movement against the euro and losses against some commodity-backed currencies like the NZ and Australian dollars and NOK. The focus of interest among traders remains...
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by Christopher Nye | Aug 31, 2021
There were no significant moves in sterling over the Bank Holiday weekend against the euro and it remains close to where it was on Friday but around 0.5% down compared to the beginning of last week. The picture is more positive against the US dollar, with sterling...
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by Christopher Nye | Aug 27, 2021
There was a flurry of data yesterday, as US policymakers headed (virtually) to Jackson Hole in Wyoming for the annual symposium. They will have been buoyed by news that the US labour market is holding steady against high Covid cases and that the economy grew faster...
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