IMF expects EMEs to grow 4.5% this year, 4.8% next:
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Daily blog
The euro continued to drift down against the dollar yesterday. It fell literally to within a whisker of the bottom of the $1.2150 to $1.2550 range that’s been in place since the beginning of February – its low for the day was about $1.2160 – before recovering a tad (though it remains below $1.22 this morning). With sterling […]
Daily blog
US government 10-year bond yields rose to 3% (and slightly above for a time) yesterday, the first time they have been at this level since late 2013/early 2014. They may ultimately push on further from here, given a likely pick-up in US growth this year, a further rise in inflation, and continued Fed interest rate hikes Higher US yields may support the dollar, […]
Daily blog
The dollar was generally firmer yesterday, strengthening against a broad range of currencies including the euro, sterling and the yen. The EUR/$ rate drifted down through the course of the day and hit a low in Asian trading overnight of around $1.2185, so within a whisker of the bottom of the $1.2150 to $1.2550 range that has been in place since the beginning […]
Daily blog
The euro lost some ground against the dollar during the course of last week, falling from a high of over $1.24 to under $1.23 by Friday (which is where it is trading this morning). The dollar was generally firmer last week – it strengthened against the yen and sterling as well – supported by rising US bond yields Sterling […]
