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Tag: GBP

Euro Rises as U.S. dollar drops

Euro Rises as U.S. dollar drops; Markets Await U.S. CPI

The U.S. dollar dropped further from highs last seen 20 years ago – a development that benefited risk appetite. At the same time, the Euro and British pound recorded gains. Global stock markets were volatile ahead of the release of the U.S. CPI inflation report. Today, Monday, markets in China,

The Euro Below 99 Cents for First Time in 20 Years

European equity futures dropped, and the euro and pound sterling fell today, Monday as the energy crisis has been escalating adding pressure to an already stressed global economy troubled by soaring inflation and the tightening of monetary policies. At the same time, the U.S. dollar was firm as commodity currencies

Zooming in the Global Inflation

Yesterday, despite Friday’s NFP data, and the anticipation for the inflation indicating Consumer Price Index (CPI) scheduled to be released on Thursday this week, markets closed in the green. Major European indices closed slightly higher, with the CAC 40 up 0.43% and the Dax 30 reaching a new record high.
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Economic Recovery & Inflation Fears Move the Markets

Global stocks are entering the month close to new all-time highs, supported by the economic recovery from the coronavirus pandemic and high liquidity. Nevertheless, inflation fears and concerns that rising price pressures could lead central banks to cut support earlier than expected remain. The US dollar weakened while the yuan