Daily Update
Daily updates on how key currencies are performing in the currency markets.
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US Dollar Volatile after Strong Data Boosts Fed Bets Daily Update
July 7 2023US Dollar (USD) Rallies as Markets Price in More Fed Hikes After falling at the start of yesterday’s session, the US Dollar (USD) then surged … read more
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US Dollar Climbs as Economic Worries Rattle Markets Daily Update
July 6 2023US Dollar (USD) Gains Ground amid Souring Mood The US Dollar (USD) caught some bids yesterday amid market risk aversion, although hesitancy ahead of … read more
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Pound Gains Ground amid Improving Market Mood Daily Update
July 5 2023Pound (GBP) Rallies amid Risk-On Mood The Pound (GBP) climbed against many of its peers yesterday as the increasingly risk-sensitive currency … read more
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Pound, Euro and US Dollar Hit by Poor Manufacturing PMIs Daily Update
July 4 2023Pound (GBP) Slips as PMI Adds to Economic Concerns The Pound (GBP) softened yesterday as a confirmed contraction in UK manufacturing activity added … read more
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Pound Climbs as UK Avoids Winter Recession Daily Update
July 3 2023Pound (GBP) Rallies as British GDP Expands The Pound (GBP) rallied at the end of the week UK GDP confirmed that the country avoided a winter … read more
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US Dollar Jumps as Data Boosts Fed Bets Daily Update
June 30 2023US Dollar (USD) Rallies as Strong Data Lifts Fed Expectations After a weak start to the session, the US Dollar (USD) then surged higher on Thursday … read more
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US Dollar Rallies as Fed Signals More Rate Rises Daily Update
June 29 2023US Dollar (USD) Jumps as Powell Hints at Further Hikes The US Dollar (USD) rallied yesterday as a souring market mood and hawkish hints from the … read more
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Euro Climbs as ECB’s Lagarde Strikes Hawkish Tone Daily Update
June 28 2023Euro (EUR) Rallies amid Hawkish ECB Rhetoric The Euro (EUR) strengthened during Tuesday’s trade, as the European Central Bank’s (ECB) Sintra … read more
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Pound Stumbles as Sales Data Disappoints Daily Update
June 27 2023Pound (GBP) Slips following Sales Data The Pound (GBP) initially ticked higher yesterday as Bank of England (BoE) interest rate rise bets boosted … read more
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Euro Tumbles as Eurozone Manufacturing Contraction Deepens Daily Update
June 26 2023Euro (EUR) Slides following Troubling PMIs Dismal PMI data weighed heavily on the Euro (EUR) during Friday’s trade Manufacturing activity … read more