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.…
Inflation is the topic that just keeps on giving. It used to be that every Thursday I’d start panicking. “What should I write about this week?”…
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…
Rates as of 05:00 GMT Market Recap Rarely have I seen a day when two currencies stood out like this. Looking at the timing of the…
Rates as of 05:00 GMT Market Recap I have to say I’m astonished at today’s outperformance of GBP. I can only assume it’s simply some profit-taking…
Rates as of 05:00 GMT Market Recap Clearly there’s only one currency we have to explain this morning. What happened to NZD? Auckland, the country’s largest…
