Author: Michael Crowley
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Dollar still under pressure
The dollar remains under pressure, though still holding under $1.14 against the euro, following the release of some weaker than consensus economic data out of the US. Sterling is also losing some ground again against the euro, trading close to 90p this morning, after possible UK Prime Minister-to-be Boris Johnson said he will take the UK out of the EU on […]
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Weekly Round Up 31.05.2019
This week’s highlights: Euro slightly lower on week versus dollar; Sterling weaker; Core bond yields fall again; US PCE inflation at 1.5% in April. Read the Weekly Round Up Weekly Round Up 31 May 2019
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Dollar little changed
The dollar is little changed against the euro this morning, at just over $1.11, despite Trump upping the ante on trade, this time threatening to impose tariffs on Mexico if it does not stop immigrants entering the US illegally (we thought Trump had recently agreed a trade deal with Mexico!). This has been enough though to prompt a fall in Asian stocks overnight, which is spilling […]
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Euro slips again
The euro has slipped further against the dollar, amid a continuing slide in equities and a rally in core bond markets, and is trading this morning at around $1.1125, which is within a whisker of its 2019 to date low set a little under a week ago. Sterling is also drifting lower against the dollar, leaving it […]
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Dollar firmer
The dollar is a little firmer this morning, helped by stronger than consensus US economic data, trading at just over $1.1150 to the euro and at around $1.1260 against sterling. The pound is little changed against the single currency – it continues to hover just above the 88p level – and seems to have stabilised for now after its sharp […]
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Quiet day on markets
It was a quiet day on markets yesterday with the UK and US out on public holidays. As a result, there was little change in the main currency pairs with both the euro and sterling if anything a touch weaker against the dollar at just under $1.12 and just under $1.27 respectively, leaving the pound largely […]
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Euro holding its gains
The euro hit an intra-week low of $1.11 against the dollar last Thursday, before rebounding to $1.12 after the release of softer than consensus economic data out of the US. The single currency is holding onto these gains this morning, with some relief in the market that the populists, though doing well in places in the European Parliament elections over the weekend, […]
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Weekly Round Up 24.05.2019
This week’s highlights: Euro makes small gains versus the dollar; Sterling weaker again; Bond yields fall further; PMIs in the US soft in May. Read the Weekly Round Up Weekly Round Up 24 May 2019
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Dollar comes under pressure
After having had a good run recently, the dollar came under pressure yesterday after the release of weaker than consensus economic data out of the US, falling to around $1.12 against the euro and backing up towards $1.27 against sterling. This all left the pound trading largely unchanged at about 88p against the single currency, ahead of an expected announcement […]
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Sterling slides
Amid high political drama in the UK, sterling fell further yesterday, and it remains under pressure this morning, slipping to almost $1.26 against the dollar and trading at almost 88.5p against the euro. The latter continues to edge down against the US currency and is hovering just below $1.1150 at the off. Meanwhile, bond yields in the core markets headed south again yesterday, led […]