Monday , October 26 2020
Home / Tag Archives: 5.) Brown Brothers Harriman

Tag Archives: 5.) Brown Brothers Harriman

Dollar Catches Modest Bid but Weakness to Resume

Geopolitical tensions have risen after US officials accused Russia and Iran of meddling in the elections; the dollar has caught a modest bid today Stimulus talks continue; Pelosi warned that a deal may not come together before the November 3 election; whether Republican Senators change their minds after the elections depends on the outcome Measures of cross-asset volatility suggest a far too generous interpretation of the odds for a clean Democratic sweep; KC Fed...

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Dollar Soft as Markets Await Fresh News and Rumours

The dollar is coming under pressure again; markets are finally waking up to the fact that a stimulus deal before 2021 is unlikely; 10-year Treasury yields have been trading in a narrow range for months The quiet US data week continues; Ireland broke from the pattern of how other European countries are tightening mobility rules; Hungary is expected to keep the base rate steady at 0.60%. Japan reported September convenience store sales; dovish RBA remains dovish;...

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Drivers for the Week Ahead

Some are holding out hope but we think the stimulus package remains dead; Fed releases its Beige Book report Wednesday; there is a full slate of Fed speakers this week Fed manufacturing surveys for October will continue to roll out; weekly jobless claims will be reported Thursday; BOC releases results of its Q3 Business Outlook Survey Monday Renewed virus restrictions are weighing on the economic outlook for the eurozone; no wonder ECB officials are sounding very...

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EM Preview for the Week Ahead

Risk assets are coming off a tough week. The dollar was bid across the board except for the yen, which outperformed slightly. The only EM currencies to gain against the dollar were KRW and CLP. The major US equity indices somehow managed to eke out very modest gains but stock markets across Europe sank as the viral spread threatens to slam economic activity again. Yet we have seen time and time again that the safe haven bid for the dollar eventually gives way to...

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Dollar Gains as Market Sentiment Goes South

Virus restrictions across Europe continue to sour sentiment; the dollar is benefiting from the risk-off backdrop The stimulus package is deader than Elvis; Fed manufacturing surveys for October will start to roll out; weekly jobless claims will be reported; Chile is expected to keep rates steady at 0.5% The unofficial deadline for Brexit has likely been extended; the two-day EU summit in Brussels starts today; Israel reports September CPI Australia reported September...

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Dollar Bounce Remains Modest as Headwinds Build

The dollar is making a modest comeback; stimulus talks have hit a dead end; we get more US inflation readings for September Brexit talks continue ahead of the EU summit Thursday and Friday; a new bill by the UK government could change the investment landscape in the country The EU recovery fund has hit some speed bumps; the Netherlands is the latest country to impose stricter measures; eurozone IP came in slightly lower than expected China reported strong money and...

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Dollar Bleeding Stanched as Markets Search for Direction

Markets have a bit of a risk-off feel today; the dollar bleeding has been stanched for now; IMF releases its updated World Economic Outlook A stimulus package before the election appears doomed; Fed’s Barkin and Daly speak; a big data week for the US kicks off with September CPI today UK jobs data came in decidedly downbeat even though the furlough scheme has not yet ended; BOE Governor Bailey said that the bank is not yet ready to implement negative rates Japan will...

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Drivers for the Week Ahead

Dollar losses are accelerating; the virtual IMF/World Bank meetings begin Monday A big stimulus package before the election still seems unlikely; there are a fair amount of Fed speakers during this holiday-shortened week The main data event this week is September retail sales Friday; ahead of that, we get inflation readings for September; Fed manufacturing surveys for October will start to roll out The account of the ECB’s September meeting added a layer of...

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Dollar Slide Continues as US Fiscal Stimulus Remains Questionable

The dollar remains heavy; stimulus talks may or may not be dead; the White House is still sending mixed signals This is another quiet day in terms of US data; Canada reports September jobs data We got some more eurozone IP readings for August; following Greece yesterday, it’s Italy’s turn today to register another record low for its 10-year bond yield UK data came in significantly weaker than expected; Japan reported weak August real cash earnings and household...

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Dollar Remains Heavy as Markets Await Fresh Drivers

The US Vice Presidential debate was a comparatively cordial affair, though the impact on the election is likely to be limited; polls continue to move in favor of Biden, including in swing states The weak dollar narrative under a Democratic sweep continues to play out; the outlook for fiscal stimulus is as cloudy as ever; FOMC minutes contained no big surprises Weekly jobless claims will be reported; like last week, there will be a quirk to this week’s initial claims;...

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