Author: Michael Crowley

Euro edges higher

The euro has edged higher against the dollar, despite yesterday’s stronger than expected GDP data in the US, trading at around $1.0850 this morning, and is also firmer against sterling at 84.4p, with the pound slipping a little further against the dollar to about $1.2860. Meanwhile, US inflation data due later will be the focus […]

GDP data in the US today

While yesterday’s sharp sell-off in equity markets might have been expected to be accompanied by a strengthening of the dollar, a firming of Fed rate cut expectations was pulling the currency in the opposite direction. In any case, the upshot is that the dollar is only marginally firmer from yesterday morning vis-a-vis the euro and […]

Dollar resumes its ascent

After a pause on Monday, the dollar has resumed its gradual ascent against the euro and sterling that began over the latter part of last week, with the US currency trading at around $1.0850 and $1.29 respectively this morning. The euro also lost some ground to the pound for a time yesterday, briefly slipping below […]

Main currency pairs little changed

It was a very quiet start to the week in FX markets yesterday with the main currency pairs confined to extremely tight ranges. The euro is trading at around $1.0890 against the dollar and at 84.25p against sterling this morning, while the pound is trading at about $1.2925 against the US currency. The economic data […]

A week of two halves in FX market

The euro and sterling both retreated from Wednesday’s highs against the dollar – of about $1.0950 and $1.3045 respectively – over the second half of last week, as the US currency benefited from a slide in international equity markets, while the pound also fell back from its best levels of the week versus the euro, […]

Dollar firmer as stocks fall

Yesterday’s ECB meeting proved to be something of a non-event for markets, as the central bank left interest rates unchanged as expected and gave little away about its next move, while the dollar gained ground amid a sell-off in equity markets. The US currency has extended its gains overnight and is currently trading at around […]

ECB to stay on hold today

Sterling rose to post-UK inflation data highs of $1.3044 against  the dollar and 83.83p versus the euro yesterday before giving up ground, while it has edged lower again this morning following UK labour market data released earlier and is currently trading at around $1.2990 and 84.1p respectively. The euro, meanwhile, has held onto most of […]

Sterling firmer post UK inflation data

Sterling is slightly firmer after the release of this morning’s UK CPI inflation data for June, which came in a touch stronger than expected and may dampen the chances of a Bank of England interest rate cut next month.  The pound is trading just shy of the $1.30 level against the dollar at $1.2990, while […]

Euro a touch firmer

It was relatively uneventful in currency markets yesterday. The euro rose to an intra-day high of $1.0920 against the dollar but is back down at around $1.09 this morning, while it is holding onto most of yesterday’s modest gains against sterling trading just north of 84p. The pound has edged down a bit further against the […]

Dollar off its lows

Markets are reacting to the assassination attempt on Donald Trump over the weekend – which is seen as having increased his chances of winning the November presidential election – with the dollar marginally firmer overnight having lost a good bit of ground last week.  Sterling was on the front foot last week, strengthening by the […]