Yesterday saw one of the quietest trading days on the currency markets that we have seen in recent weeks with both GBP/EUR and GBP/USD trading in a range of less than 1 cent. Much of this could be put down to the lack of data out yesterday.

The greenback continued to fall yesterday on growing expectations that the US will extend the quantitative easing currently in place when the Fed meets again in early November. The new round of weakness means that the Euro has managed to break through the resistance level at 1.40 managing to get...

As the rest of the world remains fixated on the eventual rescue of the San Jose miners, (and nervous rescuees check with Payroll that they remembered to clock on at the start of their shift), the FX markets yesterday evening were studiously pouring over the minutes of the last FOMC...

The dollar has managed to claw back some ground versus the euro, with the single currency struggling to hold a break through the $1.40 level. There were reports that automatic sell orders were also pulling the euro back towards $1.38.

The US dollar slid to 15-year lows versus the yen overnight as Friday’s soft payrolls jobs data further fuelled expectations of more quantitative easing from the Fed at its next policy meeting in early November. Meanwhile, despite some speculation of a tough communiqué, weekend meetings by the IMF and G7...

A busy few days in the FX markets concludes today with the, as ever, highly anticipated US Non-Farm Payrolls report. The expectation (particularly after Wednesday’s disappointing ADP private employment report) is that the data will point to continued weakness in the US labour market.

Trading throughout yesterday and overnight saw various currency pairings test record levels, as markets reacted to various comments from central governments in addition to the usual data releases. EUR/USD is looking to a break the $1.40 level, with comments from the US administration suggesting that it is happy with the...

The euro saw fresh highs of $1.3870 versus the dollar late yesterday, remaining firm overnight, as it continues to be supported by talk of further action from the Fed. Comments from the Chicago Fed President that he favours “much more accommodation than we’ve put in place” have further fuelled talk...

As a summation of last week however, the US Dollar weakened against all of the major currencies on Friday, continuing the trend for the week. Despite US data being largely positive, dovish comments from the Fed have again provided the trigger for a bout of general USD weakness.

A largely uneventful day yesterday saw few major swings between the major currencies. The Main event of note was related to the Euro, falling from near a five- month high against the dollar after Ireland’s Central Bank published new estimates of the capital requirements of Irish banks.