Daily Update
Daily updates on how key currencies are performing in the currency markets.
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US Dollar Slumps as SVB Collapse Hits Fed Rate Hike Bets Daily Update
March 14 2023US Dollar (USD) Stumbles as Fed Could Rethink Rate Hike The US Dollar (USD) fluctuated lower yesterday as markets continued to scale back Federal … read more
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Pound Sterling Consolidates Recovery as UK GDP Beats Forecasts Daily Update
March 13 2023Pound (GBP) Soars following January GDP Rebound At the end of a dramatic week, the Pound (GBP) extended its recovery thanks to better-than-expected … read more
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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