London Morning FX Commentary April 4

British Pound (GBP) The British Pound had a pretty mixed performance on Tuesday, down against all three of the major ‘Commonwealth currencies’ but up against both the euro and US Dollar. The GBP/USD pair struggled to get traction in either direction. Having been up to...

Sydney Morning FX Commentary April 4

Australian Dollar (AUD) The Australian Dollar had a fairly good day on Tuesday, not all of which was solely down to a recovery in US equity markets. AUD/USD opened in Sydney around 0.7660 but this proved to be within 10 pips of its subsequent low reached in the first...

New York Morning FX Commentary April 3

United States Dollar (USD) The last week was a positive one for the US Dollar which just beat its Canadian cousin into top spot overall, rising against all the major currencies we follow here and reaching a near-10 day high on Thursday just above 89.75. Parts of Asia...

London Morning FX Commentary April 3

British Pound (GBP) The British Pound had a poor week pre-Easter which started pretty well but then turned sour after a series of soft economic data. From a high of 1.4240 on Tuesday, it fell to a low on Good Friday morning of 1.4015; its lowest since March 21st and...

Sydney Morning FX Commentary April 3

Australian Dollar (AUD) The Australian Dollar lost ground last week, though not as much as at one point seemed likely. It tumbled to a fresh 2018 low of USD0.7645 early on Thursday but a combination of decent economic data locally and a rally in global stock markets...