Daily Update
Daily updates on how key currencies are performing in the currency markets.
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US Dollar Drops as Risk Appetite Returns Daily Update
February 10 2023US Dollar (USD) Stumbles amid Cheery Mood The safe-haven US Dollar (USD) faced some selling pressure early on in yesterday’s session, as a bullish … read more
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Pound Rises as Thinktank Says UK Will Avoid Recession Daily Update
February 9 2023Pound (GBP) Firms following More Upbeat Economic Report The Pound (GBP) strengthened yesterday amid a slightly more upbeat outlook for the UK … read more
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Euro Stumbles after German Data Sparks Recession Fears Daily Update
February 8 2023Euro (EUR) Slips amid German Recession Worries Poor German data put the Euro (EUR) under pressure from the start of yesterday’s … read more
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Pound Rallies on Hawkish BoE Comments Daily Update
February 7 2023Pound (GBP) Rallies amid Hawkish ECB Speech The Pound (GBP) gained ground yesterday, following a hawkish speech from Bank of England (BoE) … read more
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US Dollar Rockets on Red-Hot Non Farm Payroll Data Daily Update
February 6 2023Pound (GBP) Fluctuates as Investors Readjusted Rate Hike Expectations The Pound (GBP) fluctuated last Friday as investors continued to mull over the … read more
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Pound Slides and Euro Fluctuates following ECB and BoE Meetings Daily Update
February 3 2023Pound (GBP) Drops as BoE Sets the Stage for Smaller Hikes The Pound (GBP) slid yesterday after the Bank of England (BoE) delivered a dovish interest … read more
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US Dollar Slumps after Fed Signals Policy Slowdown Daily Update
February 2 2023US Dollar (USD) Plunges after Fed Decision The US Dollar (USD) softened yesterday as traders held back ahead of the Federal Reserve interest rate … read more
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Pound Stumbles as IMF Forecasts UK Recession Daily Update
February 1 2023Pound (GBP) Rocked by UK Economic Gloom The Pound (GBP) suffered a bruising day yesterday after the International Monetary Fund (IMF) significantly … read more
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US Dollar Rises amid Risk-Negative Trade Daily Update
January 31 2023US Dollar (USD) Ticks Higher amid Market Caution The US Dollar (USD) gained ground yesterday, although the upside was rather bumpy, as a downbeat … read more
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US Dollar Volatile amid Mixed Inflation Data Daily Update
January 30 2023US Dollar (USD) Fluctuates as Markets Digest Data The US Dollar (USD) saw some choppy trade on Friday as markets reacted to the US core PCE price … read more