Tag Archive: U.K. Manufacturing Production

FX Daily, August 10: Tensions Remain Elevated, Dollar Firms

2017-08-10

by

2017-08-10

It is difficult to walk back the saber-rattling rhetoric. US Secretary of State Tillerson tried to defuse the situation, which had appeared to ease nerves in North America yesterday. However, references to the modernization of US nuclear forces, a multi-year project begun last year, spurred a fresh threat by North Korea to fire four intermediate range missiles near Guam in week's time.

Read More »

FX Daily, June 09: Sterling Shocked, Dollar Broadly Firmer

2017-06-09

by

2017-06-09

What looked like a savvy move in late April has turned into a nightmare. Collectively, voters have denied the governing Conservative party a parliamentary majority. The uncertainty today does not lie yesterday with the known unknown, but with the shape of the next government and what it means for Brexit.

Read More »

FX Daily, March 10: US Jobs Data: Deja Vu All Over Again?

2017-03-10

by

2017-03-10

A week ago, after nine Fed officials had spoken, the market widely expected Yellen and Fischer to confirm that the table was set for a rate hike later this month. They did, and the dollar and US interest rates fell. Now, after a strong ADP jobs report (298k), everyone recognizes upside risk to today’s national report, and the dollar has lost its upside momentum against most major currencies, but the Japanese yen.

Read More »

FX Daily, January 11: Dollar Comes Back Bid

2017-01-11

by

2017-01-11

FX Performance, January 11 2017 Movers and Shakers
The pound has seen a sharp fall following the interview that Theresa May gave with Sky news on Sunday although there has been a small rebound this afternoon. GBP CHF exchange rates are hovering around 1.2350 for this pair.

Read More »

FX Daily, December 07: Greenback is Broadly Steady While Sterling Slides

2016-12-07

by

2016-12-07

FX Performance, December 07 2016 Movers and Shakers
The US dollar is little changed against most of the major currencies. Sterling is the notable exception, losing about 0.75% to trade at three-day lows. It was on the defensive in early European turnover but got the run pulled from beneath by the unexpectedly poor data. UK industrial output fell by 1.3% in October. The median forecast was for a small increase.

Read More »

FX Daily, November 08: Consolidation Featured as Market Catches and Holds Breath

2016-11-08

by

2016-11-08

FX Performance, November 08 2016 Movers and Shakers
The equity markets snapped their losing streak yesterday and are consolidating today. The US dollar is narrowly mixed. The euro and sterling are slightly firmer, but well within yesterday's ranges. The dollar-bloc is a bit lower, and once again the Australian dollar is struggling to sustain moves above $0.7700.

Read More »