by Christopher Nye | Jun 18, 2021
The euro continues to weaken against the strong dollar and is trading around its lowest level in two months. Eurozone inflation rate rose by 2% year-on-year in May, just above the European Central Bank’s target and the highest figure since October 2018. This rise was...
read more
by Christopher Nye | Jun 18, 2021
After hitting a 10-week high yesterday against the euro, the pound has lost some strength following disappointing retail sales data. Signs that consumers may be more cautious than was initially thought could weigh on sterling. This weak UK data combined with recent...
read more
by Christopher Nye | Jun 18, 2021
The hawkish comments from the Federal Reserve are still feeding the dollar which has maintained its strength against the pound and the euro. There were hints from the bank’s so-called ‘dot plot’ that interest rates may be set to rise sooner than expected. Dot plots...
read more
by Christopher Nye | Jun 17, 2021
The dollar is stronger this morning against the pound, euro and other currencies after the Federal Reserve’s press conference yesterday, which concluded its two-day monetary policy meeting. The Fed left interest rates unchanged as expected. However, the comments that...
read more
by Christopher Nye | Jun 17, 2021
The euro fell sharply against the dollar after the Federal Reserve’s announcement yesterday gave the greenback a boost. Later this morning, inflation rate figures for the Eurozone will be released. The annual figure for May is expected to come in at 2%, which would be...
read more
