Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Dollar drops back as EUR/USD and GBP/USD lift towards session highs
The earlier gains for the US dollar have all now gone, except versus the Yen. The pound and the Euro have continued to rise from earlier lows. The noted rejection of a break below the double bottom on the GBP/USD, at 1.2604 has now seen the price press above 1.2635. At the same time the EUR/USD has recovered to back above 1.0840 and both pairs are being buoyed by a series of higher service sector PMI revisions released from the UK, France and Germany. Indeed the UK Services PMI has just now been raised to 50.9, from 50.5 and the UK remains the only one of the three to enjoy expansion above 50. The move higher in the EUR/USD is still being driven by gains in the EUR/JPY and the same can be said of the GBP/JPY right now too. The noted buying just ahead of the 1.08 handle has been sufficient to cap the downside ahead of that level once more. The EUR/USD is currently trading at 1.0840
Market News
All News-
Dow Jones slides more than 600 points as White House tries to spin the positive
As expected the US stock markets slid into the opening and that has seen more than 2% falls for the Nasdaq 100 and the S+P 500. Meantime, the Dow...
-
Dissecting the US data as US stock futures fall- check out the Nasdaq 100 futures right now
Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion...
-
US flash Q1 GDP falls and core PCE prices rise more than forecast- USD/JPY rises and falls
The very important US Q1 GDP estimate and core PCE price index have just been released. The flash estimate for Q1 GDP has shown a fall of 0.3% . That...
