Category: Daily blog

Jobs report in the US today

The euro has regained some ground against the dollar and is now more than a cent off its early week lows ($1.0460) on Monday, trading at around $1.0580 this morning. It is also a touch former against sterling at just under £0.83, with the pound little changed against the dollar from yesterday morning at $1.2760 […]

Euro firm despite French government collapse

The euro is holding its own against the dollar notwithstanding the French government’s collapse after losing the no-confidence vote in parliament last night. It is trading at about $1.0540 this morning, broadly matching yesterday’s high which followed weaker than expected economic data in the US. It is little changed against sterling at about £0.8275 (albeit […]

Main currency pairs little changed

The main currency pairs are not much changed from yesterday morning, having remained in relatively tight ranges during the course of yesterday’s session. The euro is trading at about $1.0510 against the dollar and at £0.8280 versus sterling, ahead of the no confidence vote in the French parliament this afternoon, while the pound is hovering […]

Euro to remain under pressure

The euro is off yesterday’s lows against the dollar and sterling, trading at around $1.0510 and £0.8290 respectively this morning. It is set to remain under pressure though given the fraught political situation in France, where the relatively new minority government faces a vote of no confidence in parliament tomorrow (one it seems likely to […]

Euro softer at the off today

The dollar fell by around 1.5 cents and 2 cents against the euro and sterling respectively last week, amid the first weekly decline in US bond yields since the presidential election in early November. The single currency is struggling at the start of play today though – trading down at around $1.05 and £0.8280 against […]

Dollar remains under presssure

It was quiet enough in markets yesterday given the Thanksgiving holiday in the US. The dollar is under pressure today though, shedding around 1% against the yen following stronger than expected inflation data in Japan which have prompted speculation about an increase in interest rates there. The euro and sterling have also gained ground against […]

Dollar loses some ground

Unlike earlier in the week, the euro and sterling are managing to hold on to most of their gains against the dollar having strengthened during the course of yesterday’s session. They are trading at around $1.0540 and $1.2650 respectively this morning, with lower US bond yields so far this week – in contrast to rising yields […]

Euro firmer this morning

Yesterday was more or less a re-run of Monday as far as the euro and sterling were concerned. They both strengthened for a time against the dollar, reaching their best levels of the day (and of the week so far) of $1.0545 and almost $1.2620 respectively, but failed to sustain these gains. They are creeping […]

US bond yields fall

The euro traded above $1.05 against the dollar for a time yesterday but was unable to hold onto these gains and is back down at around $1.0480 this morning. Similarly, sterling rose to an intra-day high of just over $1.26 against the US currency but has since fallen back to about $1.25505. This in turns […]

Dollar off its highs

Weaker than expected Euro area and UK Purchasing Managers’ data (PMIs) on Friday morning saw the euro and sterling slide further against the dollar, hitting intra-day lows of about $1.0335 and $1.2480 respectively before recovering some ground. Both have popped almost half a cent higher from Friday’s close at the start of play today, to […]