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U.S. dollar hits lowest level in 10 days on Thursday
... months against the euro. At 0914 GMT, the Swedish currency was down 0.5% against the euro at 10.0175. The Norwegian crown also strengthened, with the Nokkie getting 0.6% against the Euro exchange rate at 9.7828. Simon Harvey, Senior FX Analyst at Monex Europe , said that the Swedish crown reload was not only part of the rebound in riskier currencies, but that the inflation data contributed to the move. The Australian Dollar, which is seen as a liquid proxy for risk appetite, was up 0.5% against the ...
Updated: 10/14/2021
Bank of England says inflation in Britain is'very worrying'
... 12% last week, while December futures were priced in a 45% probability of a rate increase by then. Over the weekend, Sterling traders have spent the morning pricing in the commentary from BoE officials, said Simon Harvey, senior FX market analyst of Monex Europe . We see the pound s gains from here as limited due to concerns over the underlying level of economic activity. Sterling rose against the dollar to $1.3635 at 0823 GMT, after briefly reaching a two week high. Versus the euro, it rose 0.2% to 84....
Updated: 10/11/2021
U.S. dollar rally on fears of a 'perfect storm'
... far-reaching implications for everyone from corporations to global central banks. The U.S. dollar move we're seeing at present is due to a confluence of factors that are all aligning to create the perfect storm, said Simon Harvey, senior FX market analyst at Monex Europe in London . One key driver behind the dollar's strength has been a more hawkish Fed https: www.reuters.com/cites. com investor finance Fed-likely (open-bond - buyingtaper - door-hedge - outlook - 2021 - 09 - 22) who last week said it would start ...
Updated: 10/01/2021
U.S. dollar falls after Fed minutes show no sign of time to taper
... 1. It was the last flat at $1.1712. The dollar gained ground earlier as nagging concerns about the global economy forced investors to seek safety in greenbacks. Markets are always lagging with macro risks, says Simon Harvey , FX market analyst at Monex Europe in London . We have the risk of a slowing Chinese economy, rising Delta cases in the Asia Pacific region and slower growth generally. In the United States , U.S. housing starts dropped 7.0% to a seasonally adjusted annual rate of 1.534 million ...
Updated: 08/18/2021
U.S. economy adds 943, 000 jobs in July
... stakes for the Fed policy meeting next month, as investors weigh when the central bank will outline its plans for rolling back monthly asset purchases. The data give the markets some sort of direction, says Simon Harvey, senior FX market analyst at Monex Europe . The Fed is setting up the next Jackson Hole event and the August event in September. Some implication of higher yields could be a drag on tech stocks with lofty valuations, as rising interest rates erode the value of longer-term cash flows. ...
Updated: 08/06/2021
Dollar rises as U.S. jobs report hits schedule
... not reinvesting proceeds. 'While markets initially took the news of the 7 - 1 split as dovish, the undertones of today's policy statement and monetary policy report are much more optimistic than first expected, said Simon Harvey, senior FX analyst at Monex Europe . The Euro surged 0.35% to $1.1854, after recovering from a top of $1.1899 overnight. The dollar topped also 109,75 yen, although the dollar began to recover some lost ground. On Wednesday, Fed vice chairman Richard Clarida said conditions for ...
Updated: 08/05/2021
China's lira up for 7th session in 7 - week high as worries over COVID 19 Delta
... its meeting next week and government reaction thereto pose a huge event risk says Tayyip Erdogan, senior FX market analyst at Monex, given the president's call for rate cuts in August. Erdogan's interference in monetary policy and his firing of a hawkish ... ... MSCI 's index of EM shares was up 0.2%, helped by gains in most emerging European bourses as well as those in Asian regions of Europe , Middle East and Africa . China 's largest television company Tencent dropped 6% to weigh most on the Hang Seng index ...
Updated: 08/03/2021
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