Investors’ changing appetite for risk was the most important factor in the euro’s week. When they leaned towards nervousness – as they did when Donald Trump edged ahead of Hilary Clinton in the US opinion polls – they bought the safe-haven euro, yen and franc. The three currencies were just about unchanged on the week […]
The pound continues to remain under pressure, as it briefly dipped again this morning, but recovered by lunchtime. Following the weekend, sterling has come out higher against most major currencies, strengthening by 1% versus EUR and USD.
Considering the global stock market turmoil of late and the wild swings in the oil price over the last 5 days, you have to say that the European single currency has managed to avoid any major calamity
This week was always only ever going to be about the US Federal Reserve’s interest rate decision and subsequent statement which had been so long anticipated.
The euro started the week with a slight advantage over the weakened US dollar following the previous Friday’s disappointing non-farm payrolls release which saw 142,000 jobs created during September versus an expectation of 200,000 plus.
The Euro managed to stage a small recovery over the last five days in spite of the previous weeks reaffirmation from European Central bank Governor Mario Draghi that the Eurozone’s current woes did warrant further negative revisions to the regions GDP (Gross Domestic Product) forecasts.
Things in Euroland have moved on a long way from the precarious situation in early July. Greece’s government has apologised to Brussels for messing around, the parliament in Athens has approved reform measures unthinkable a couple of months ago and a new bailout has been agreed, all bar the dotting of a few Is and […]
Not only did the Greek government and its creditors go down to the wire with their bailout negotiations, they went beyond it and they are still moving.
Since the euro’s rebound in mid-March it has been looking reasonably chipper. In April it was in the leading group of major currencies, strengthening by five eighths of a cent against sterling and the Australian dollar and taking four and a quarter cents off the back marker, the US dollar. It was not so much […]
Since the euro’s rebound in mid-March it has been looking reasonably chipper. In April it was in the leading group of major currencies, strengthening by five eighths of a cent against sterling