dollar currency update

A Strong Lead – Dollar Update

The dollar was by far the week’s strongest performer, rising an average of 4.8% against the other major currencies To a great extent the rush for the dollar is a reflection of the huge uncertainty posed by the pandemic. Despite

Optimism is Shortlived – Euro Update

The euro started the week relatively well as investors considered it might be a safe haven, but retreated as the days passed. EU finance ministers pledged to take action, but the meeting did not yield any concrete steps and the

Rate Alert: Sterling’s growth continues

  The pound continues to make steady gains against the euro as Italy’s budget dilemma continues after the EU revealed its plans to increase spending, adding to its already massive debt pile of some 130% of the GDP. The pound’s