Author: Michael Crowley

Dollar a touch weaker

The euro and sterling are both a touch firmer against the dollar this morning, trading at around $1.0780 and $1.2940 respectively, while EURGBP is not much changed at £0.8330. The pound has performed relatively well this week – it’s ahead against both the euro and the dollar – helped by a paring back of UK […]

Motoring ahead with tariffs

The expectation that Donald Trump would announce a 25% tariff on auto imports, which he duly delivered, weighed on equity markets yesterday, while the dollar rose to highs of circa $1.0730 and $1.2870  against the euro and sterling respectively though it has since eased back to around $1.0760 and $1.29. The euro continues to drift […]

Sterling a touch softer

The main currency pairs are not much changed from yesterday morning. The euro continues to hover just below the $1.08 level against the dollar and is trading at around £0.8370 against sterling, while the latter has dipped below $1.29 against the US currency. UK inflation data released a short while ago were weaker than the […]

Dollar resumes on the front foot

US equity markets rallied and US bond yields rose yesterday, driven by stronger than expected economic data and talk of targeted Trump reciprocal tariffs. Higher bond yields in turn supported the dollar, which has regained ground against the euro and sterling to trade just below $1.08 and close to $1.29 respectively this morning. EURGBP continues […]

Euro, pound off Friday’s lows vs $

Having hit fresh 2025 highs of $1.0955 and $1.3015 respectively in the middle of last week, the euro and sterling lost a fair amount of ground against the dollar thereafter – with the latter benefiting amid a renewed slide in equity markets – falling to lows just below $1.08 and $1.29 on Friday afternoon before […]

Dollar remains on the front foot

The euro and sterling remain under pressure against the dollar, as the latter continues to benefit from ongoing weakness in equity markets, slipping to around $1.0825 and $1.2925 respectively. EURGBP fell to a low of about £0.8350 after the Bank of England (BoE) left interest rates unchanged following yesterday’s monetary policy meeting, but has since […]

Fed stays on hold as expected

The Fed left interest rates on hold (4.25%-4.5%) following yesterday’s meeting, as widely expected. Mainly because of the impact of tariffs, it lowered its forecast for GDP growth in 2025 and raised its forecast for inflation this year, though inflation is still expected to fall back close to target in 2026.  The Fed kept intact […]

Waiting for the Fed

US equity markets sold off yesterday, reversing some of the gains made over the previous couple of sessions, though European stocks advanced. Elsewhere, bond yields were broadly unchanged on the day, while the main currency pairs largely treaded water. The euro and sterling are both a touch weaker against the dollar this morning, ahead of […]

Dollar on the back foot

The dollar remains on the back foot this morning having lost ground yesterday as equity markets extended Friday’s gains. The euro is trading at a fresh 2025 high against the US currency just north of $1.0950, as is sterling which has risen to $1.30. This leaves EURGBP, which has been confined to a range of […]

Dollar a little firmer

More Trump tariff threats – this time a 200% tariff on alcohol imports from the EU – as well as fears of an imminent US government shutdown and softer than forecast US producer prices data all contributed to a renewed decline in equity markets and lower bond yields yesterday, while the dollar advanced albeit its […]