Daily Update
Daily updates on how key currencies are performing in the currency markets.
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Markets Brace for Non-Farm Payrolls Report Daily Update
March 10 2023US Dollar (USD) Stumbles as Jobless Claims Jump The US Dollar continued to trim its post-Powell gains during yesterday’s trade, as the tailwinds … read more
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US Dollar Holds Near Multi-Month Highs Daily Update
March 9 2023US Dollar (USD) Trims Gains but Holds Strong The US Dollar (USD) softened yesterday, despite stronger-than-forecast US employment data, as the … read more
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US Dollar Soars as Fed Opens the Door to Faster Rate Hikes Daily Update
March 8 2023US Dollar (USD) Skyrockets on Hawkish Fed Comments The US Dollar (USD) surged yesterday after Federal Reserve Chair Jerome Powell delivered a more … read more
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Euro Rallies as ECB Policymakers Signal More Rate Hikes Daily Update
March 7 2023Euro (EUR) Climbs on ECB Rate Rise Bets The Euro (EUR) strengthened yesterday, shrugging off some underwhelming Eurozone data Retail sales in the … read more
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Pound Recovers as PMI Beats Forecasts Daily Update
March 6 2023Pound (GBP) Rises on Strong Service Sector Performance The Pound (GBP) firmed on Friday after the UK’s final PMI results came in stronger than … read more
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Pound Continues Slump as BoE Rate Hike Bets Recede Daily Update
March 3 2023Pound (GBP) Sinks as Bailey Suggests Interest Rate Have Peaked The Pound (GBP) continued to slide yesterday, as investors continued to pare back … read more
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Pound Slides as BoE Bailey Implies Interest Rate Peak Daily Update
March 2 2023Pound (GBP) Sinks as Bailey Suggests Interest Rates May Have Peaked The Pound (GBP) weakened yesterday, following a notably dovish speech from Bank … read more
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Pound Strengthens as NI Deal Restores UK-EU Confidence Daily Update
March 1 2023Pound (GBP) Rallies on UK-EU Reconciliation The Pound (GBP) rallied yesterday as the optimism around PM Rishi Sunak’s ‘Windsor Framework’ … read more
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Pound Rallies as Northern Ireland Deal Struck Daily Update
February 28 2023Pound (GBP) Rallies as Sunak Seals Northern Ireland Deal The Pound (GBP) rallied yesterday, as PM Rishi Sunak managed to close a deal on the … read more
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US Dollar Soars as American Inflation Rises Daily Update
February 27 2023US Dollar (USD) Soars amid Risk-Negative Trade and Fed Bets Risk aversion worked in the safe-haven US Dollar’s (USD) favour on Friday, with the … read more