Daily Update

Daily updates on how key currencies are performing in the currency markets.

• US Dollar Pulls Back from Multi-Week Highs Daily Update

  December 8 2023

  Pound (GBP) Mixed amid Lack of Data The Pound (GBP) fluctuated without a clear direction yesterday as a lack of UK economic data left the currency … read more

• US Dollar Subdued on Jobs Data Miss Daily Update

  December 7 2023

  US Dollar (USD) Muted following Weaker Jobs Data The US Dollar (USD) traded broadly sideways yesterday amid some underwhelming US jobs data The … read more

• US Dollar Strengthens following Services PMI Daily Update

  December 6 2023

  US Dollar (USD) Climbs as PMI Beats Forecasts The safe-haven US Dollar (USD) strengthened yesterday, with a risk-off market mood and a … read more

• US Dollar Rallies amid Widespread Risk Aversion Daily Update

  December 5 2023

  US Dollar (USD) Jumps amid Gloomy Trade The US Dollar (USD) strengthened during yesterday’s session Risk aversion swept markets, thereby boosting … read more

• Euro Weakens amid ECB Rate Cut Speculation Daily Update

  December 4 2023

  Euro (EUR) Extends Downside following Cooler CPI The Euro (EUR) ended a bruising week on the back foot as investors continued to price in a possible … read more

• Euro Plunges amid Cooler-than-Forecast Inflation Daily Update

  December 1 2023

  Euro (EUR) Tumbles as Eurozone Inflation Cools The Euro (EUR) plunged yesterday after the Eurozone’s latest consumer price index cooled more than … read more

• Euro Slumps following Softer-than-Forecast German Inflation Daily Update

  November 30 2023

  Euro (EUR) Falls as German Inflation Slows The Euro (EUR) weakened yesterday after Germany’s consumer price index revealed that inflation cooled … read more

• US Dollar Hits Multi-Month Lows as Market Mood Improves Daily Update

  November 29 2023

  US Dollar (USD) Slumps amid Cheery Trade The US Dollar (USD) declined yesterday after stronger-than-forecast US consumer confidence data cheered … read more

• Pound Firms on BoE Rate Expectations Daily Update

  November 28 2023

  Pound (GBP) Supported by Hawkish BoE Expectations The Pound (GBP) ticked higher on Monday as it continued to draw support from a series of hawkish … read more

• Pound Extends Rally amid BoE Comments Daily Update

  November 27 2023

  Pound (GBP) Climbs following BoE Remarks The Pound (GBP) ended the week on a positive note, with GBP climbing following comments from Bank of … read more