Rates as of 05:00 GMT Market Recap As one economist quoted in the paper said, “It is fair to say that we didn’t see that coming.”…
Rates as of 05:00 GMT Market Recap Not much action in currencies overnight but a lot in oil. Oil prices rose after US President Biden announced…
Rates as of 05:00 GMT Market Recap Financial markets were shaken on Friday by two things. One, three voting members of the rate-setting Federal Open Market…
Rates as of 05:00 GMT Market Recap A fairly quiet day in the currency market, with only EUR and JPY showing movements worth talking about. EUR…
Rates as of 05:00 GMT Market Recap It’s easy to understand why GBP did well yesterday. UK inflation is soaring – up 4.2% yoy from 3.1%…
Rates as of 05:00 GMT Market Recap Better-than-expected US retail sales figures encouraged an optimistic view of the US economy, sending US stocks further into record…
Rates as of 05:00 GMT Market Recap It was a good day for USD and a bad day for EUR (or a good day I suppose,…
Rates as of 05:00 GMT Market Recap Generally a “risk-on” day, with all three commodity currencies gaining and USD losing ground. AUD was the main winner.…
Rates as of 05:00 GMT Market Recap It was a relatively quiet day yesterday with several markets closed for Veteran’s Day. The only two currencies that…
Rates as of 05:00 GMT Market Recap Yesterday I included a graph of the Citi inflation surprise indices and pointed out that inflation had surprised on…
