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Home / Tag Archives: 4) FX Trends (page 130)

Tag Archives: 4) FX Trends

FX Weekly Preview: Has an Inflection Point been Reached for Investors?

Interest rates, led by the US, have accelerated to the upside. With price pressures generally rising and oil prices at four-year highs, it is understandable. Market participants need to see the breakout that has lifted US 10-year yields to their highest level in seven years is confirmed in subsequent price action. The first test was passed as the disappointing jobs growth in September could have been an excuse to push...

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FX Daily, October 05: US Jobs Data will Test Dollar Bulls and Bond Bears

Swiss Franc The Euro has risen by 0.11% at 1.1429 EUR/CHF and USD/CHF, October 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is firmer against most of the major and emerging market currencies. The yen and sterling are resisting the pressure, while the South African rand and Russian rouble are paring some of this week’s declines. US equity losses...

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Great Graphic: The Dollar’s Role

This Great Graphic comes from Peter Coy and team’s article in Business Week. It succinctly shows three metrics for the internationalization of domestic currencies: global payments, international bonds, and foreign exchange reserves. It does not strike me as surprising, and the role of the euro as a payments currency reflects its role in intra-European trade. The substance of the article bears little relation to the...

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FX Daily, October 04: Dollar Consolidates Gains while Yields Continue to Rise

Swiss Franc The Euro has risen by 0.29% at 1.1419 EUR/CHF and USD/CHF, October 04(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is consolidating yesterday’s gains against most of the major currencies, though the dollar bloc is underperforming. Bond yields are moving higher, and equities are lower. With a light data and events stream, the price action itself...

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Cool Video: Bloomberg Clip from Discussion on Emerging Markets

Bloomberg Clip from Discussion on Emerging Markets In my first television appearance since joining Bannockburn Global Forex, I joined Tom Keene and Francine Lacqua on the Bloomberg set. In this nearly 2.5 min clip, we talk about the Indonesia rupiah and the dollar’s move above the IDR15000 level for the first time since the 1997-1998 Asian financial crisis. I suggest there are several factors weighing on many emerging...

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FX Daily, October 02: Greenback Advances

Swiss Franc The Euro has fallen by 0.32% at 1.135 EUR/CHF and USD/CHF, October 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is rising against most of the major and emerging market currencies. The Swiss franc and the Japanese yen are the exceptions and are holding their own. Global equities are mixed. Asia, excluding Japan, was mostly lower,...

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A Word About the Q2 COFER Report

The IMF reports the most authoritative currency allocation of global reserves at the end of every quarter with a quarter delay. Invariably, an economist, strategist, or journalist is inspired to write why some data nugget confirms the demise of the dollar as the dominant currency. Given the unorthodox US President, his criticism of Fed policy, and desire for a weaker dollar, the protectionism, and trillion-dollar...

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FX Daily, October 01: NAFTA Deal Struck, Softer EMU Mfg PMI, and Firm Greenback Starts Week

Swiss Franc The Euro has risen by 0.16% at 1.1415 EUR/CHF and USD/CHF, October 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Canadian dollar and Mexican peso are extending its pre-weekend gains on news that a new NAFTA deal (US-Mexico-Canada Agreement USMCA) has been struck. Against most of the other major and emerging market currencies, the US dollar...

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Fed Delivers, Market Yawns

The Federal Reserve did what it was widely to do. The fed funds target range was lifted 25 bp to 2.00-2.25%. Three-quarters of Fed officials anticipate a hike in December. The market had discounted around an 80% chance. The Fed sticks with the three rate hikes in 2019 and one in 2020. The year-end rate in 2021 is the same as in 2020. The Fed is signaling that it does not expect the fed funds target to move above...

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FX Daily, September 28: Dollar Remains Firm While Italy is Punished

Swiss Franc The Euro has fallen by 0.49% at 1.1317 EUR/CHF and USD/CHF, September 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar’s post-Fed gains have been extended, though the upside momentum appears to be stalling. Japan’s Nikkei advanced 1.35% on the back of the yen’s declines and reached its highest level since 1991. Chinese shares (A and H)...

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