Last week was, to borrow a phrase from football, a game of two halves. The first half was dominated by the price movements in the gas and oil markets and the Conservative Party conference, the second half by speculation over the latest US employment data. The volatility in the gas markets has been extraordinary and […]
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Last week was dominated by the strength of the US dollar, which took sterling down to nearly three cents off September’s highest level, with the euro also giving up a similar amount. Flows into the dollar were encouraged by the rise in yields on US treasuries and its safe-haven appeal as equity markets came under […]
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Currency exchange news for buying a house in Spain The dollar weakened all of last week in reaction to the perceived dovish tone from the Federal Reserve, this led to the expectation on tapering in September to fade. The primary beneficiary was the euro which in turn was helped by some seemingly hawkish statements from members of […]
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