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Stay up-to-date with the latest market analyses from our currency experts.
Today, the Final Services Purchasing Managers’ Index (PMI) data was released, showing a slight underperformance compared to expectations.
Demand for the US dollar was down against the euro and the Great British pound after leaders in those regions commented on inflationary pressures.
Demand for the Canadian dollar was down this morning, as markets moved toward US dollars, euros and Great British pounds following recent developments in those markets.
Stay up-to-date with the latest market analyses from our currency experts.
Stay up-to-date with the latest market analyses from our currency experts.
Stay up-to-date with the latest market analyses from our currency experts.
Friday’s session was a big one. A combination of month-end rebalancing, record highs for the S&P500 and the highest quarterly wage growth number in nearly 40 years out of the USA saw the US dollar index close up 0.8% on the day, with the New Zealand dollar falling from 0.7190 to 0.7137.
