by Christopher Nye | Jul 15, 2021
The dollar was largely unchanged yesterday following a ‘dovish’ speech from Federal Reserve Chair Jerome Powell, who testified in front of Congress yesterday. Despite a higher than expected inflation reading earlier this week, Powell insisted that it’s too soon to...
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by Christopher Nye | Jul 15, 2021
The euro has rebounded slightly against the dollar after weakening earlier this week due to US inflation figures. Industrial production figures were released for the Eurozone yesterday, showing that production fell by 1% in May, the first drop in 3 months and worse...
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by Christopher Nye | Jul 15, 2021
After rising yesterday morning due to inflation data, the pound has lost some ground this morning following disappointing labour market statistics. Figures show that 25,000 jobs were created in the three months to June, missing market forecasts of a 90,000 increase....
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by Christopher Nye | Jul 15, 2021
After strengthening yesterday following inflation rate data, the pound has weakened slightly this morning due to disappointing labour market figures. However, it is still trading near three-month highs. Tomorrow morning, it’s the Eurozone’s turn to release its latest...
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by Christopher Nye | Jul 14, 2021
The dollar strengthened yesterday and is still strong this morning following the release of the inflation rate figures for the US. Core inflation rate came in at 4.5% and annual inflation was 5.4% for June. These readings were both above market expectations, with...
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