Daily blog Dollar on the front foot Some solid US economic data together with relatively hawkish Fed meeting minutes lifted the dollar yesterday. The euro and sterling ended at their lows of the day, and indeed of the week, against the US currency, at cir... See more
Daily blog Pound softer after labour market data With the US out on a public holiday, it was very quiet across equity, bond and foreign exchange markets yesterday. In FX, the main currency pairs ended little changed from last Friday’s closing levels. Ster... See more
Daily blog Busy week of economic data ahead Friday’s softer than expected US inflation data didn’t have much effect on the main currency pairs, though they did contribute to a firming of Fed rate cut expectations and an extension of last week’s decline in... See more
Trump’s Oil Grab in Venezuela Shatters an American Taboo Michael Crowley Guardian UK U.S. presidents have long been accused of plotting to control foreign oil. But President Trump has asserted a U.S. right to take it. “No blood for oil!” became a global r... See more
Daily blog Fed stays on hold as expected The Fed left interest rates on hold at yesterday’s meeting, as expected, and upgraded its assessment of the economy and the labour market, indicating steady policy for the period ahead. The dollar briefly extended ... See more
