Daily Update

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

• US Dollar Rallies to Weekly Highs as Jobless Claims Drop Daily Update

  July 21 2023

  US Dollar (USD) Rises on Strong Jobs Data The US Dollar (USD) enjoyed significant support yesterday as an unexpected decline in jobless claims … read more

• Pound Plummets as Cooling Inflation Dents BoE Bets Daily Update

  July 20 2023

  Pound (GBP) Slumps as Inflation Misses Forecasts The Pound (GBP) suffered a heavy selloff yesterday after softer-than-expected UK inflation figures … read more

• Pound Wobbles Ahead of UK Inflation Daily Update

  July 19 2023

  Pound (GBP) Choppy amid Lack of Data The Pound (GBP) experienced volatility yesterday, initially climbing higher before sliding in the … read more

• Muted Start to the Week for Pound, Euro and US Dollar Daily Update

  July 18 2023

  Pound (GBP) Directionless amid Lack of Data The Pound (GBP) failed to find a clear trajectory yesterday as a lack of UK data and a mixed market mood … read more

• Euro Gains as Risk-On Rally Fades Daily Update

  July 17 2023

  Euro (EUR) Rises amid Risk-Off Mood The Euro (EUR) firmed on Friday as a cautious market mood saw traders favour the safer single currency over its … read more

• US Dollar Strikes 15-Month Lows amid Declining Fed Bets Daily Update

  July 14 2023

  US Dollar (USD) Extends Selloff on PPI Miss The recent selloff in the US Dollar (USD) continued yesterday after producer price inflation cooled more … read more

• US Dollar Crumples as Inflation Cools More than Forecast Daily Update

  July 13 2023

  US Dollar (USD) Crashes as CPI Dents Fed Bets The US Dollar (USD) plummeted yesterday after the latest consumer price index revealed … read more

• Pound Rallies as Record-High Wage Growth Prompts BoE Bets Daily Update

  July 12 2023

  Pound (GBP) Strengthens as Markets Price In 50bps Hike The Pound (GBP) leapt higher yesterday after record-high wage growth boosted expectations of … read more

• Euro and US Dollar Firm amid Cautious Market Mood Daily Update

  July 11 2023

  Euro (EUR) Rises amid Risk-Off Mood The Euro (EUR) managed to firm against its riskier counterparts yesterday, while trading sideways elsewhere A … read more

• US Dollar Tumbles on Jobs Data Miss Daily Update

  July 10 2023

  US Dollar (USD) Slides on Disappointing Payrolls The US Dollar (USD) tumbled at the end of last week after the latest US non-farm payrolls report … read more