by Christopher Nye | Jun 22, 2021
The dollar has strengthened markedly in recent weeks but that was halted yesterday against both euro and pound. Federal Reserve Chair Jerome Powell said in notes prepared for a congressional meeting today that “We at the Fed will do everything we can to support...
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by Christopher Nye | Jun 22, 2021
The single currency made gains against the US dollar but lost out to sterling yesterday. With no significant data releases yesterday, traders were left picking out hints from Christine Lagarde’s comments on monetary policy – no great worries about inflation, but a...
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by Christopher Nye | Jun 22, 2021
The pound surged yesterday, reaching close to last week’s two-and-a-half-month high against the euro and holding onto those gains so far this morning. The gain was even more impressive against USD, gaining close to 1% on the day, although remaining well down on where...
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by Christopher Nye | Jun 22, 2021
The pound recovered strongly against major currencies yesterday, as the government hinted at quarantine-free international travel even to “amber” countries for the double vaccinated, and a possible earlier-than-expected end to covid restrictions if hospitalisations...
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by Christopher Nye | Jun 21, 2021
The dollar remains in a strong position and is still benefiting from hawkish comments from the Federal Reserve last week around rising interest rates. Treasury yields have fallen, however, the greenback appears relatively unaffected. The Fed is due to speak again this...
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