Daily Update
Daily updates on how key currencies are performing in the currency markets.
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Pound Stumbles as BoE Decision Disappoints Daily Update
August 4 2023Pound (GBP) Falls as BoE Sounds Dovish The Pound (GBP) weakened yesterday amid the Bank of England’s (BoE) latest interest rate … read more
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US Dollar Leaps as Jobs Data Smashes Forecasts Daily Update
August 3 2023US Dollar (USD) Soars on Strong Jobs Data The US Dollar (USD) started yesterday’s session on the front foot, as a risk-off market mood following … read more
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US Dollar Strengthens amid Global Recession Anxieties Australian Dollar (AUD) Daily Update Euro (EUR) Pound Sterling (GBP) US Dollar (USD)
August 2 2023US Dollar (USD) Rises as Recession Anxieties Yield Risk-Off Trade Tuesday saw a bleak market mood bring safe-haven flows to the US Dollar (USD), … read more
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Euro Fluctuates as Inflation Cools Australian Dollar (AUD) Daily Update Euro (EUR) Pound Sterling (GBP) US Dollar (USD)
August 1 2023Euro (EUR) Struggles Despite Upbeat Data Despite upbeat inflation and GDP data, the Euro (EUR) struggled to attract support after an initial spike … read more
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US Dollar Undermined by Profit Taking and Slowing Inflation Daily Update
July 31 2023US Dollar (USD) Hit by Profit-Taking Having hit multi-week highs following unexpectedly strong GDP data on Thursday, the US Dollar (USD) then ran … read more
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US Dollar Rallies after GDP Beats Forecasts Daily Update
July 28 2023US Dollar (USD) Soars as Strong Data Revives Rate Hike Bets After weakening in the wake of the Federal Reserve’s interest rate decision, the US … read more
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US Dollar Drops on Dovish Fed Hike Daily Update
July 27 2023US Dollar (USD) Falls as Further Rate Hikes in Question The US Dollar (USD) faced mixed movement yesterday, ahead of the Federal Reserve’s … read more
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Euro Drops as German Business Confidence Declines Daily Update
July 26 2023Euro (EUR) Slides on Poor German Data A larger-than-forecast fall in German business morale dented the Euro (EUR) yesterday Germany’s business … read more
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Pound Stumbles as UK Economy Nearly Stalls Daily Update
July 25 2023Pound (GBP) Weakens as PMIs Dent BoE Bets The Pound (GBP) stumbled out of the gate this week after the UK’s latest PMI results revealed that the … read more
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US Dollar Climbs as Market Mood Sours Daily Update
July 24 2023US Dollar (USD) Firms amid Risk-Off Trade The US Dollar (USD) closed the week on a positive note, with the safe-haven ‘Greenback’ benefitting … read more