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GBP/USD2016-05-03 07:24 UTC

Sterling has lifted to its best levels against the dollar since the first week of trade of the year, making 1.4739. This puts the early January high at 1.4815 is back in the frame. The pound has been faring less well against the euro, having lost just over 1.5% since mid-last week, and the resurgent yen. This price action belies a continued heaviness in the trade-weighted value of Her Majesty's pound. While Brexit risks have ebbed over the ... Read More 

XE Market Analysis

  • North American Edition2016-05-02 10:39 UTC

    The dollar started the new week with the same softening bias it finished last week with. This saw EUR-USD log a new six-month peat at 1.1492 and USD-JPY a fresh 18-month low at 106.16. Trading conditions have been thin with London and Chinese markets among those closed for May Day public holidays. The euro was helped higher by an upward revision to final Eurozone manufacturing PMI data, while the yen, after gaining during the Tokyo session, ... Read More 

  • European Edition2016-05-03 07:24 UTC

    The dollar has weakened for a seven straight day against the euro, with EUR-USD logging a nine-month peak of 1.1560. The euro has also edged out fresh highs against sterling and the Swiss franc, underpinned by yesterday's upward revision in final Eurozone April manufacturing PMI and last week's solid +0.6% q/q Q1 Eurozone growth data. Convergence in Eurozone and U.S. growth profiles has been a core driver of recent EUR-USD gains. The yen, meanwhile, has ... Read More 

  • Asian Edition2016-05-02 18:27 UTC

    The dollar was mostly lower again in N.Y. trade on Monday, seeing EUR-USD rally to eight-month highs of 1.1535, and USD-JPY remain mostly under 106.50. Incoming U.S. data was mostly to the softer side, with manufacturing and construction spending ISM missing expectations. The greenback was impacted by the numbers, but Wall Street shrugged them off, rallying moderately through the session. Elsewhere, USD-CAD moved away from the 1.2500 area, as oil prices ... Read More 

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