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Last night, despite coming under pressure, the dollar index (USDX) managed to hold its ground above 108 into the US close. The index ended that session at 108.047. Earlier today it pushed a little higher, reaching 108.19. Well, of course since then it has been largely one-way traffic lower. The EUR/USD has now traded to 1.05 and the GBP/USD is above 1.24. Add those moves to the fall earlier below 155 in the USD/JPY and it has delivered a new 2025 low right now for the index, underneath 107.40. That is some way below the high seen earlier this month, when the index rose to 110.176. The push higher in US yields since this time yesterday is not exactly riding to the rescue either. It is also likely; that Trump may even talk the US currency down in an effort to combat preferable counter party rates, in the event of him increasing tariffs and that is something that has not gotten much airtime, but it may yet do so
Earlier this morning an update here noted that German defence sector stocks were fuelling another push higher in the DAX. Well, since that update the...
The USD/JPY is right now very close to the earlier Asian session low at 151.48, which came after the latest Japanese GDP data beat estimates. The move...
Three of the biggest German defence companies are seeing their share prices rise strongly this morning. The reason for that comes as the markets eye a...
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