Category: Daily blog
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Euro steady against dollar
The euro was little changed against the dollar over the course of last week, trading in a narrow range around $1.12– only briefly getting up toward $1.13 or below $1.12 – but against sterling the single currency lost a small amount of ground later on in the week dipping down to 90p US equity markets had a good week, […]
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Further jobs rebound in the US
The main currencies are approaching the end of the week still trading in the tight ranges that have prevailed since Monday, with the euro at around $1.12 and 90p against the dollar and sterling respectively and the pound hovering just below $1.25 level against the US currency. Core bond yields were little changed yesterday, while […]
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Dollar a touch weaker
The dollar has slipped a little, as equity markets continue to advance, to trade just under $1.13 and just below $1.25 against the euro and sterling respectively, leaving the single currency-pound rate at about 90p, though in truth the trading ranges for the main currency pairs have been relatively narrow this week. Core bond yields […]
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Pound firmer
Sterling has recovered ground against both the euro and the dollar to trade at close to 90.5p and $1.24 respectively this morning, while the single currency continues to hover around the $1.12 level against the dollar. Equity markets advanced again yesterday, fully reversing the losses they chalked up last week in the process, while core bond […]
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Sterling slips
Sterling has lost some further ground to both the euro and the dollar to trade close to 91.5p and $1.22 respectively this morning, as the negotiations on a new UK-EU post Brexit relationship move into an important phase, while the single currency is still trading in and around $1.12 against the dollar. Equity markets recovered […]
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Dollar drifts higher
The dollar strengthened gradually against the euro and sterling over the latter part of last week, as equity markets headed south, finishing Friday trading at around $1.12 and $1.2350 respectively – a gain of circa 1.5 cents and 2.5 cents from its intra-week lows – and leaving the pound hovering around 91p against the single currency […]
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Main currencies steady
The main currency pairs are steady this morning with the euro and sterling continuing to trade at around $1.12 and $1.24 against the dollar respectively, leaving the single currency-pound rate still sitting just above 90p. Equity markets reversed some but not all of Wednesday’s fall, amid continuing reports of a notable increase in COVID-19 cases […]
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Stocks sell off
The euro and sterling both eased back against the dollar yesterday as stocks sold off quite a bit, weakening to around $1.12 and $1.24 respectively and leaving the euro-pound rate still trading at just over 90p. Both European and US equity markets closed around 3% lower on the day, while not surprisingly core bond yields […]
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Dollar on the back foot
The dollar is on the back foot this morning with the euro and sterling strengthening to $1.13 and $1.25 respectively against the US currency (they ended last week below $1.12 and under $1.24), which leaves the euro-pound rate still hovering above the 90p level. Both US and European stocks made modest gains yesterday (Europe has […]
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Euro recovers ground
The euro has recovered some ground against the dollar to trade above $1.1250 this morning, as has sterling which has strengthened to over $1.24, all of which leaves the pound trading above 90p against the single currency, where indeed it has been for the last few sessions. Equity markets had a mixed start to the […]