Category: Daily blog
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Dollar on front foot
The dollar remains on the front generally and, specifically, has nudged a little higher against both the euro and sterling to trade just below the $1.08 and $1.30 levels respectively this morning, which leaves the single currency still hovering in and around 83p against the pound. Equity markets closed lower (in the case of European […]
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Quiet start to week
It was a public holiday in the US yesterday and so it was quiet enough on markets, with the main exchange rates little changed as indeed they are again at the off this morning. The dollar continues to hover just above the $1.08 level against the euro and at around $1.30 against the pound, while the latter is trading at just over 83p […]
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Euro under pressure
The euro lost ground against the dollar for a second week running last week, amid generally soft Euro area economic data and continuing solid numbers on the whole out of the US, closing about one and a half cents lower at just over $1.08 (which compares to a 2020 to date high of over $1.12 set in the opening […]
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Sterling firmer
The pound strengthened yesterday following the unexpected resignation of the Chancellor of the Exchequer in the UK, gaining around a penny against the euro to 83p and jumping to over $1.30 against the dollar. The latter has gained some further albeit limited ground against the single currency to stand at just under $1.0850 this morning Equity markets in Europe and the […]
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Euro under pressure
The euro has been under pressure lately, not helped by some poor data out of the Euro Area, and has now fallen below $1.09 against the dollar, its weakest level since around mid-2017, and to below 84p against sterling, which is not too far shy of its most recent low of under 83p set immediately following the general […]
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Main exchange rates steady
The main currency pairs are little changed with the dollar consolidating following its recent gains trading at just over $1.09 against the euro and at under $1.30 against sterling, which leaves the single currency hovering around 84p to the pound. Meanwhile, core bonds yields have edged higher as equity markets advance (the S&P 500 in the US closed […]
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Dollar still drifting higher
The dollar continues to edge higher against the euro to trade this morning at $1.09, its best level since around the end of September, and is largely unchanged against sterling at about $1.29, which leaves the pound marginally firmer against the single currency at 84.5p ahead of GDP data in the UK to be published later this […]
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The dollar the star performer
The dollar was the star performer last week – helped by a steady stream of positive economic data out of the US – strengthening against both the euro and sterling and kicking off this week with its gains intact trading at around $1.0950 and just below $1.29 respectively. Amidst this, the pound weakened somewhat against the single currency and opens this […]
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Dollar still on the front foot
The dollar has extended its gains against both the euro and the pound to trade at around $1.0975 and $1.29 respectively, its best levels against these two currencies since early October and mid-December respectively. This all means that the euro-sterling rate continues to do not an awful lot, with (broadly) 84p to 85p the range this week to date and currently at around 84.75p Stocks nudged […]
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Dollar firmer
The dollar is firmer against both the euro and sterling this morning, trading at $1.10 and just under $1.30 respectively (and leaving the euro-sterling rate largely unchanged at about 84.75p), reflecting relatively positive US economic data published over the past couple of days and as equity markets continue to rally. Remarkably enough perhaps, the S&P 500 in the […]