Ongoing growth but the picture is cloudier.
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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 […]
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 […]
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 […]
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 […]