Euro finds some support

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Sterling was supported a little yesterday with decent retail sales figures and better than expected CBI Industrial Trends Survey although the Public Sector Net Borrowing for October did come in almost £1bn higher than expected…read more

EUR weakens

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going into the weekend it looks like Euro weakness could be the main market driver rather than the benefactor of Sterling or USD weakness…read more

USD dips

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After a long period of growing anticipation from economists, markets, and a population increasingly concerned that the recovery is stuttering (voiced decisively in the results of the US mid-term elections) the Fed finally fired the restart gun on QE2 after the original round of asset purchasing proved to be a false start of sorts…read more

Overnight the Reserve Bank of Australia unexpectedly hiked interest rates by 0.25% to 4.75% giving a boost to the Aussie Dollar…read more

GBP/USD 1.60+ EUR/USD 1.40+

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Tomorrow we have a bit more data out but nothing for the struggling Pound so sterling may need to rely on weakness in other currencies to make any gains…read more

The US dollar slid to 15-year lows versus the yen overnight as Friday’s soft payrolls jobs data further fuelled expectations of more quantitative easing from the Fed at its next policy meeting in early November. Meanwhile, despite some speculation of a tough communiqué, weekend meetings by the IMF and G7 produced nothing to avert a [...]

Trading throughout yesterday and overnight saw various currency pairings test record levels, as markets reacted to various comments from central governments in addition to the usual data releases…read more

The euro saw fresh highs of $1.3870 versus the dollar late yesterday…read more

USD weakens

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As a summation of last week however, the US Dollar weakened against all of the major currencies on Friday…read more

A largely uneventful day yesterday saw few major swings between the major currencies. The Main event of note was related to the Euro…read more

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