Tag Archives: USD

Summary: Following strong Q2 GDP figures, risk is that Bank of Canada’s rate hike anticipated for October is brought forward. ECB’s guidance to that it will have to extend its purchases into next year will continue to evolve. Among Fed officials speaking ahead of the blackout period, Brainard and Dudley’s comments are the most important. Four central banks from high income countries hold policy is making...

- Click to enlarge I appeared on CNBC earlier today to talk about the dollar.  I was given the time to briefly sketch out my view of the dollar.  Near-term, I am concerned about the political and economic events in September,  but I am looking for a better Q4 for the greenback. I have not given up the idea that the dollar’s pullback this year is a correction to the bull move that began in mid-2014.  The euro...

Swiss Franc The Euro has risen by 0.04% to 1.1418 CHF. EUR/CHF and USD/CHF, September 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates As the markets head into the weekend, global equities are firmer, benchmark 10-year yields are mostly lower, and the dollar is consolidating after North American pared the greenback’s gains yesterday. Manufacturing PMIs from China, EMU,...

Swiss Franc The Euro has fallen by 0.05% to 1.1441 CHF. EUR/CHF and USD/CHF, August 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar recovery was marginally extendedin Asia, and while it remains firm, it is lost some of its momentum. The Fed’s target inflation measure, the core PCE deflator, may decline from 1.5% to 1.4%, according to the median forecast in...

Swiss Franc The Euro has fallen by 0.09% to 1.1427 CHF. EUR/CHF and USD/CHF, August 30(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar recovery that began in North American yesterday continued to in Asia and Europe. The geopolitical anxiety sparked by North Korea’s missile over Japan subsided. The US response was seen as measured and tempered. North Korea...

Swiss Franc The Euro has risen by 0.08% to 1.1415 CHF. EUR/CHF and USD/CHF, August 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar’s pre-weekend losses were extended initially in Asia before it recovered sufficiently to give European participant a better selling level. The dollar selling into the shallow bounce reflects the bearish sentiment, which as we...

Summary: EMU preliminary August CPI headline rise may not translate into core. US jobs growth is fine; earnings growth is key. Trump’s coalition is fraying, and the weekend pardon will not help mend fences. The US dollar’s consolidation ended with an exclamation point last week.  The downtrend since the beginning of the year is resuming, and there is a reasonable risk that the pace accelerates. In addition to...

Swiss Franc The Euro has risen by 0.11% to 1.1398 CHF. EUR/CHF and USD/CHF, August 25(see more posts on EUR/CHF, USD/CHF, ). FX Rates The event that investors have been waiting for and the media frequently linked to whatever price action has taken place has arrived: Yellen and Draghi’s speeches later today. Yellen is first. She will speak at 10:00 am ET. This is toward the end of the European trading week. Draghi...

Swiss Franc The Euro has fallen by 0.24% to 1.1366 CHF. EUR/CHF and USD/CHF, August 24(see more posts on #USD, $CHF, EUR/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is enjoying a firmer tone in quiet. Sterling is stabilizing after grinding down to its lowest level since late June. The Mexican peso, which had dropped in thin trading in Asia and Europe yesterday following Trump’s threat...

Summary: North American traders began the week by selling dollars. Euro is testing a downtrend off the year’s high. DXY is testing its uptrend. After consolidating in the Asian session and European morning, the euro has been bid higher in North America.  It is testing a downtrend line, drawn off the year’s high set in early August near $1.1910, as depicted in this Great Graphic, composed on Bloomberg. It is met the...