Category: Daily blog
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A month to forget!
The dollar is little changed against the euro this morning trading at around $1.10 and is also broadly steady against sterling hovering just over the $1.23 level, which leaves the pound at 89p to the single currency. Equity markets retreated yesterday, rounding off a fairly miserable month for stocks, while core bond continue to nudge […]
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Main exchange rates steady
The main exchange rates are relatively calm with the dollar perhaps a touch firmer against both the euro and sterling trading in and around $1.10 and at $1.23 respectively, leaving the euro-sterling exchange rate largely unchanged at 89p. Meanwhile equity markets advanced at the start of the week, and European stocks are set to open […]
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Dollar softer again
Equity markets gained ground over the course of last week as a whole, despite a wobble on Friday, with European and US indices rising by around 7% and 10% respectively. In line with this, the dollar lost some of its recent safe haven gains, slipping to over $1.11 against the euro for a time on Friday, […]
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A hat-trick for stocks
European and US equity markets both closed higher for a third straight session yesterday and are now ahead for the week to date, while the dollar has slid further against the euro to trade at over $1.10. Sterling has also advanced against the US currency, quite strongly in fact, to almost $1.22, and has also […]
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Dollar gives up more ground
European and US equity markets managed to close in positive territory for a second day running yesterday, something we haven’t seen in a while, though Asian stocks have sagged in overnight trading. The dollar has given up some more ground to the euro to trade just above $1.09 this morning, and has also weakened to […]
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Better day for stocks
On what was a very positive day for equity markets, the main currency pairs were relatively stable although the dollar has weakened a little overnight to trade back above the $1.08 level against the euro and above the $1.18 level against the pound, with the latter a touch firmer against the single currency at around […]
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Dollar a little softer
The dollar is a little softer after the Fed announced another suite of measures to address the Covid-19 crisis, trading at over $1.08 against the euro this morning and at around $1.1650 against sterling, which leaves the pound marginally weaker against the single currency at about 93p. Meanwhile, equity markets fell again yesterday, by between […]
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Stocks remain under pressure
Stocks are still under the cosh, despite the efforts of governments and central banks, with US equities selling off again on Friday and the futures market pointing to a weak opening for European indices this morning. The dollar remains the currency of choice, strengthening by around 4 cents to $1.07 against the euro last week […]
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Bank of England acts again
Sterling is firmer against both the euro and the dollar after the Bank of England took further action to support the UK economy in the face of the coronavirus crisis, strengthening to 91p and almost $1.19 respectively, while the single currency is trading this morning at $1.08 against the dollar having dipped to around $1.06 […]
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ECB acts again
The euro remains under pressure against the dollar after the ECB announces a new large-scale asset purchases programme and has fallen to under $1.09 this morning. Sterling has lost considerable ground against the US currency, which is very much on the front foot generally, trading at a multi-year low of around $1.15. This leaves the […]