Page 2 - John Bromhead News Today

The bulk of the currency’s slide on Monday took place in a frantic 20-minute selloff, evoking cries of a flash crash by traders.

The pound has slumped to an all-time low against the dollar after Chancellor Kwasi Kwarteng hinted at more tax cuts to come after after last week’s Budget.

It was sterling's biggest intraday decline since March 2020

A more aggressive US Federal Reserve has pushed some economists and currency strategists to revise their outlook for the Australian dollar lower, in a potential blow to consumers already battling rapidly rising prices.

A “relatively short and shallow” recession is now assumed by Barrenjoey, as strategists take the knife to Australian dollar forecasts following the latest Fed rate rise.

Australian companies are on track to pay out more than $100 billion in dividends in the 2023 financial year as the high-octane 2022 earnings season draws to a close on sound footing in the face of slowing growth.

Even the relative strength of the Australian economy is not enough to convince FX analysts that now is a good time to increase exposure to AUD.

The Australian dollar may remain under pressure on fears that central banks’ aggressive tightening to rein in inflation will tip the world into recession.

LONDON — The dollar slipped slightly on Thursday but was still close to its highest since July 2020 against the euro, having strengthened due to market…

The dollar slipped overnight but was still close to its highest since July 2020 against the euro on Thursday after U.S. Federal Reserve meeting minutes reinforced market expectations that the Fed will raise rates sooner than other major central banks.