• Dollar reigns

    The dollar is on the front foot, benefiting in an environment where concerns about the global economy are to the fore, reflected in a renewed decline in bond yields in the core markets (with German 10-year yields back in negative territory). The US currency strengthened to an overnight high of around $1.1140 against the euro – its strongest level […]

  • Euro remains under pressure

    The euro remains under pressure, slipping below the $1.12 against the dollar overnight and trading just above this level this morning ahead of economic data out of Germany. The dollar is on the front foot generally, gaining ground as well against sterling (to trade at about $1.29), which has also slipped against the euro as UK politics and Brexit-related […]

  • Euro under pressure

    The euro came under pressure last Thursday after weaker than consensus economic data out of the Euro area, falling to an intra-day low of almost $1.12 against the dollar (from over $1.13) and trading not much above this level as we kick off this morning.  The pound has also lost some ground to the US currency, hovering just below $1.30 […]

  • Easter lull

    There’s an Easter holiday lull in markets, it seems, with the main currencies trading in pretty narrow ranges. The euro has been hovering around the $1.13 level against the dollar for all of this week to date, while sterling has been largely unchanged against the US currency at about $1.30 and ditto against the euro at just over […]

  • China’s economy holding up

    The euro drifted lower against the dollar for a time yesterday, falling below $1.13, but  subsequently recovered and it is trading back above this level this morning. In the absence of any Brexit news, the pound is tending to weaken against the single currency, trading at over 86.5p at the start of play today. Elsewhere, US 10-year bond […]

  • An uneventful day

    It was very quiet in markets yesterday. The main currency pairs did little or nothing really – with the euro still hovering around the $1.13 level against the dollar and trading at just over 86p against sterling – and core bond yields were largely unchanged, while European stocks ended just marginally higher on the day and US stocks marginally lower Fed member […]

  • Bond yields moving up again

    The euro nudged higher against the dollar over the latter part of last week, gaining around a cent to over $1.13, which is its best level in 3 weeks but still well within the range  of $1.12 to $1.15 that has prevailed in 2019 to date. Sterling had a mixed week, drifting lower to well over […]

  • Euro nudging higher

    The euro continues to nudge higher against the dollar – on not much news really – and is now closing in on $1.13, which would be its best level in about 3 weeks. Sterling is drifting lower against the single currency – trading this morning at about 86.5p – and may continue to do so in the vacuum created by MPs who […]

  • The circus is staying in town!

    The euro briefly dipped against the dollar during yesterday’s ECB post-meeting press conference but has since recovered to trade just below the $1.13 level this morning. The pound is largely unchanged after the EU granted the UK another extension of Article 50, this time to the end of October this year, trading at just over 86p and just under $1.31 […]

  • Another day, another extension

    Yet again the main currency pairs are not doing an awful lot, with the euro still hovering just above the $1.1250 level against the dollar and the pound continuing to trade at just over 86p against the single currency ahead of today’s EU leaders summit. Elsewhere, equity markets lost ground yesterday with both European and US stocks closing lower, while core […]