Daily FX Commentary

24 April 2015 - Run on the dollar continues as GBP/USD pushes through 1.51

By Alex Edwards
United States Dollar: The dollar is weaker this morning, seeing GBP/USD push through 1.51 in early Europe. Soft U.S. data on Thursday contributed to the run on the greenback as ... read more

23 April 2015 - Pound rises on hawkish BoE minutes

By Jake Trask
United States Dollar: The pound got a boost yesterday as the minutes from the last Bank of England Monetary Policy Committee cut a hawkish tone. The minutes stated that the decis... read more

22 April 2015 - FX markets steady ahead of Bank of England MPC minutes

By Alex Edwards
United States Dollar: It’s been a fairly quiet week this week in FX markets. GBP/USD pushed up through 1.49 yesterday afternoon and reached a high of 1.4970 - it opens cl... read more

20 April 2015 - Grexit fears dominate the news

By Jake Trask
United States Dollar: Last week ended with GBP/USD briefly getting above 1.50 for the first time since early March as UK unemployment dropped to 5.6% its lowest level since Septe... read more

17 April 2015 - GBP/USD pops through 1.50 as the dollar continues to fall

By Alex Edwards
United States Dollar: The US dollar was sold off again yesterday owing to yet more weak U.S. data. Building Permits rose less than forecast in March and housing starts climbed o... read more

16 April 2015 - Aussie rises after strong jobs data

By Jake Trask
United States Dollar: The recent soft data from the States continued yesterday with the latest set of numbers undershooting target leading to another sell-off of the Greenback. A... read more

15 April 2015 - Greenback knocked lower as retail sales data dissapoints

By Alex Edwards
United States Dollar: Data released yesterday showed that UK CPI remained unchanged at 0% y/y. However the core reading unexpectedly dropped from 1.2% to 1%. Sterling was sold ... read more

14 April 2015 - Markets await UK inflation data

By Jake Trask
United States Dollar: The markets will be looking to this morning’s Inflation data from the UK for the first possible dip into negative territory since 1960. CPI currently ... read more

13 April 2015 - AUD and NZD knocked lower as Chinese trade data disappoints

By Alex Edwards
United States Dollar: GBP/USD fell again on Friday. It dropped below 1.46 as UK Industrial Production data for February printed weaker than expected, rising only 0.1% vs. foreca... read more

10 April 2015 - Dollar continues to strengthen post FOMC minutes

By Alex Edwards
United States Dollar: GBP/USD has fallen throughout the last 24 hours. It was knocked lower early on Thursday morning following the release of weaker than expected UK trade data... read more

09 April 2015 - Dollar firmer as FOMC minutes show an even split over lift off

By Alex Edwards
United States Dollar: GBP/USD popped higher yesterday as news hit the headlines that Royal Dutch Shell said that it had agreed to buy BG Group - the UK’s third largest ener... read more

08 April 2015 - UK Services PMI beats forecast

By Jake Trask
United States Dollar: There was good news from the UK yesterday as the monthly Markit/CIPS UK Services PMI posted the best reading since September last year coming in at 58.9. Th... read more

07 April 2015 - Aussie dollar gaps higher as RBA leave interest rates on hold

By Alex Edwards
United States Dollar: Most of the major markets have been out of action since close of business Thursday for the Easter break. US markets were not however and US Non-farm payrol... read more

31 March 2015 - Euro drops on Grexit fears

By Jake Trask
United States Dollar: Risk-aversion saw the dollar gain across the board yesterday with cable dropping below 1.48 on the back of ongoing concerns about a possible Greek exit from... read more

30 March 2015 - US GDP misses forecast

By Jake Trask
United States Dollar: Friday saw the final estimate of Q4 GDP from the States print 2.2% growth. The reading fell just short of the 2.4% expected however market reaction was fair... read more

27 March 2015 - Markets Await US GDP Data

By Jake Trask
United States Dollar: The pound was buoyed yesterday as monthly Retail Sales data beat forecast to show 0.7% growth for February. The report was the 23rd in succession showing ye... read more

26 March 2015 - GBP/USD steadies around 1.49 ahead of Retail Sales

By Alex Edwards
United States Dollar: It’s been a steady last 24 hours for GBP/USD. It started the day yesterday sub 1.49 and rallied at 12:30pm following the release of weaker than expec... read more

25 March 2015 - Pound falls after inflation rate falls to zero

By Alex Edwards
United States Dollar: UK CPI printed weaker than market forecasts yesterday, showing that the UK inflation rate dropped to zero in February and below the 0.1% expected level. Th... read more

24 March 2015 - Markets await UK inflation data

By Jake Trask
United States Dollar: The dollar started the week on the back foot as investors sold off the greenback in the wake of last week’s dovish FOMC statement. With investors putt... read more

23 March 2015 - Dollar retreats as markets get off to a slow start

By Alex Edwards
United States Dollar: There wasn’t much by way of economic releases on Friday. UK public sector borrowing data showed that the budget deficit in February fell to £6.... read more

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