by Christopher Nye | Jul 27, 2021
The US dollar leapt ahead yesterday against most currencies but remains down on the week against all but the Japanese yen, and even against the euro. It’s a busy week for the US dollar, with plenty of data and an interest rate decision. US new home sales continued to...
read more
by Christopher Nye | Jul 27, 2021
The euro had a mixed day yesterday, strengthening against USD – although all those gains have been wiped off this morning as it continues its two-month slide against the dollar. The recent pattern has been similar against sterling, although here the slide has been...
read more
by Christopher Nye | Jul 27, 2021
The pound rose throughout the day yesterday, extending its gains at the latter end of last week and currently more than 1.25% stronger than last week against the euro and US dollar. Of all the top 20 global currencies, only the Norwegian krone has performed better...
read more
by Christopher Nye | Jul 27, 2021
Sterling benefited strongly yesterday from six consecutive days of Covid-19 infection falls. With no clear idea of why cases are falling, that will remain fragile and easily reversed, but the pound’s rise came despite another Bank of England rate-setter (Gertjan...
read more
by Christopher Nye | Jul 26, 2021
The dollar remains at fairly strong levels against a basket of currencies ahead of the Federal Reserve’s monetary policy meeting this week. The two-day meeting will conclude on Wednesday and whilst a change in policy is not expected, the markets will be listening out...
read more
