Dollar strengthens against major currencies
The US dollar strengthened against its major counterparts yesterday after official U.S. data showed factories did brisk business in January
British pound sinks to seven-year low
Sterling sank to a seven-year low Wednesday, as the prospect of the U.K. leaving the European Union continued to drag down the currency
Euro remains under pressure
The euro remained under pressure against the dollar Tuesday, bruised by other poor German economic numbers and fears of a British exit from the European Union
EUR/USD falls over 1%
The euro weakened yesterday amid fears that a possible British exit from the European Union could have a negative impact on the Eurozone
EUR/USD ends previous week below 1.1100
There is no certain catalyst to explain this EUR weakness, however uncertainty among financial markets and weak oil prices can go a long way towards justifying the move
EUR/USD trades within 1.5 cent range
EUR/USD has traded within a 1.5 cent range since the start of the week as the dovish tone from the Fed has counteracted the December rate rise
Oil makes over 5% gain in commodity markets
In the Wednesday session Oil made over a 5% gain in the commodity markets as prices continued to adjust to the cut in supply announced on Tuesday
UK inflation moves to 1-year high in January
UK inflation moved to a 1-year high in January, as a fall in petrol prices eased
Draghi signals further monetary policy easing for March
Mario Draghi, head of the ECB, has signalled that further monetary policy easing is likely in March
Yen shakes off Japanese central bank’s indirect attempts to tame it
The yen has strengthened in eight of the ten sessions since and including January 29, when the BoJ announced negative rates