The U.S. dollar rose against a broad range of currencies on Friday, partly retracing losses versus the yen as investors consolidated positions ahead of the weekend, looked to more inflation data next week, and kept an eye on tariff headlines. Markets will look to the release of the Personal Consumption Expenditures (PCE) index, the Fed’s preferred inflation measure, next Friday. Marc Chandler, chief market strategist, at Bannockburn Global Forex in New York. The yen has gained about 3.2% so far in February. The reports kept the prospect of interest rate cuts by the Federal Reserve intact this year, even though it will remain on hold for the next several months. The greenback, however pared gains after S&P Global data on Friday showing U.S. It fell further after declines seen in the University of Michigan sentiment report and U.S. The yen rallied beyond the 150-per-dollar mark, as a selloff in Japanese government bonds drove yields to 2009 highs after national core inflation hit a 19-month peak in January, fueling expectations for more interest rate rises in Japan. Another quarter-basis point rate hike is not fully priced in until September, although interest rate markets have factored in a slight chance of a hike as soon as May. U.S. rate futures have priced in 44 basis points (bps) of easing this year, compared with 38 bps on Thursday, according to LSEG calculations. The Fed could likely resume cutting interest rates again either at the September or October policy meeting, LSEG data showed. It has fallen in five of the last six weeks, and was down 1.8% on the week. In late morning trading, the dollar was last flat on the day against the yen at 149.58 yen. Bank of Japan (BOJ) chief Kazuo Ueda quickly doused the momentum, saying the central bank could contain long-term interest rates by buying government bonds.
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In the United States, data showing the S&P Global’s flash U.S. A separate survey showed UK business activity expanded in February, although employers made deep cuts to staffing levels. It was last down 0.4% at $1.0455, on track for its largest daily fall since early February. Trump this week unveiled plans for tariffs on lumber imports, but also said a new trade deal with China was possible. Trump’s threats of tariffs have not yet materialized, fourth-quarter earnings have been robust so far and the macro data shows a U.S. Rabobank strategist Jane Foley said. At the same time, inflation expectations surged as households worried about President Donald Trump’s steep and broad-based tariffs and their impact on their purchasing power. The index has fallen 1.8% in February, heading for its biggest monthly slide since September. Aside from Friday’s leg-up against the yen, the dollar has been struggling for traction in the past few weeks. It did gain earlier after data showing UK retail sales rose more than expected in January. The pound, meanwhile, fell 0.3% to $1.2633 due to overall dollar strength. Investors are also looking at Sunday’s election in Germany, where polls point to a conservative coalition win that could be pivotal in shaping their expectations for future economic growth. Composite PMI Output Index falling to 50.4 this month, the lowest since September 2023, compared with 52.7 in January, pulled the dollar lower against the yen. The PMI index tracks both the manufacturing and services sectors. Also weighing on the dollar was the more-than-expected drop in the U.S. The euro, meanwhile, stumbled after a series of business activity surveys showed a sharp contraction in early February in France and only mild improvement in Germany – the euro zone’s traditional twin engines of growth.
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If you’re as magpie-like about jewellery as I am, you’ll always be on the lookout for new brands and original pieces to add to your collection. If you love keeping things unique and prefer to shop independent, these jewellery brands are worth checking out and keeping in mind for your next purchase. This British brand was launched in the autumn of 2024 by Tofi Caroline Adedoyin, a former investment banking director. But along with the prominent brands we all know and love, there are a load of under-the-radar gems (no pun intended) out there just waiting to be discovered. Their goal is to make pieces that ‘will be your go-to for years to come’. Tilly Sveaas founded her eponymous brand in 2016. Born in Hong Kong to British-Norwegian parents, London-based Tilly has been a jewellery designer for over 25 years, creating her first pieces during an extended trip to Bali, where she still produces to this day. Otiumberg positions itself as a demi-fine jewellery brand. There are so many amazing affordable and mid-range jewellery brands out there today, with a plethora of choice no matter what your style. Her signature T-bar necklaces (simply click the following webpage) have been worn by the likes of Taylor Swift. The brand’s founders, sisters Christie and Rosanna Wollenberg, believe you shouldn’t just save beautiful jewellery for best, so the sculptural rings and earrings are as practical as they are elegant. All Grove & Vae jewellery is designed in London, and created using 14k gold vermeil and rhodium-plated sterling silver.
The brand focuses on creating timeless, versatile pieces tailored to the modern woman’s everyday wardrobe. It specialises in bright, colourful jewellery. So she decided to make her own. With Love Darling believes in changing the world one piece of jewellery at a time. After working in the jewellery industry for 10 years, Amelia Bainbridge saw a gap in the market for jewellery that was both beautiful and affordable – and Auree was born in 2014. All Auree pieces are made with the highest quality solid gold, sterling silver or gold vermeil and natural gemstones. Items are produced in developing countries, giving the artisans income to lift themselves and their families out of poverty. Prior to starting Bijoux De Mimi, Amelia attended Central Saint Martins. Catherine ‘Catch’ Rhys Jones started her label out of a frustration with the jewellery she was buying. I was tired of sacrificing style for quality, or my bank account for both’ says Neima Row founder Naomi Genes. The pieces are gorgeous too – from delicate pendants to eye-catching hoops, available in either 18ct gold vermeil or sterling silver. It always came with lengthy care instructions and still tarnished after only a few wears or turned my skin green’ she says. Made by small workshops all over the world, each piece holds a story. Crystals & Co. founders (and best friends) Emily Mackeogh and Leah O’Reilly aim to accessorise peoples lives with fun, high quality affordable jewellery. The brand uses solid metals – not plated or vermeil, and promises no green fingers or brass rash. Think timeless glamour meets modern minimalism, without the unattainable price tag. Founded by Amelia Hitchcock-Merritt in the middle of lockdown at just eighteen, Bijoux De Mimi became one of the fastest growing jewellery brands in the UK.
