Dollar strengthens on economic strength; sterling edges higher

You’re right – it is smaller. The Terry’s Chocolate Orange on shop shelves this Christmas weighs 12g less than it did this time last year. That’s a decrease in size of 8% – not as big a cut as when the product lost 10% of its mass in 2016, but a further whittling away of…

EUR/JPY trades higher around 179.20 at the time of writing, after hitting a new multi-year high at 179.29 on Wednesday, gaining 0.40% on the day, supported by the persistent weakness of the Japanese Yen (JPY). Investors are reacting to the confirmation of German inflation figures, showing a slowdown in price growth in October, as well…

The USD is continuing its run to the downside with the greenback trading at new lows for the day vs ALL the major currencies. EURUSD: The EURUSD is trading to a new intraday high of 1.11661. That is just short of the high from yesterday at 1.11665. Move above and the high from Friday at…