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1014 days ago

Mexican piso and Brazilian real rise against dollar upon central bank rate hike

''A surprise rate hike by Mexico’s central bank yesterday caused the peso to rise by 1.6% against the USD yesterday, with the Brazilian real also doing well. The strong performance of Brazil’s currency, where the central bank has also been hiking, stands in sharp contrast to the performance of the Turkish lira, which continues to depreciate amid the more dovish central bank actions there. Most analysts expect further rate hikes from Mexico and Brazil, which could lead to further FX divergence.''

#Forex

1031 days ago

FX markets now in sync with medium term spreads to bypass Fed manipualtion short term

Front-end yields held hostage by central banks around the world have engendered a silent shift in currency pricing: exchange movements are being increasingly influenced by changes in the intermediate and longer segments of the yield curve.

Currencies that were typically more responsive to relative changes in yields at, say, the two-year part of the curve are now responding more and more to shifts at the five- and 10-year segments, with the dollar being a case in point.

#Forex
FX markets now in sync with medium term spreads to bypass Fed manipualtion short term

1035 days ago

Russia's soverign wealth fund is divesting all dollar assets (if it invested in Bitcoin that could be huge...)

 Russia's sovereign wealth fund (officially the National Wellbeing Fund) has decided to dump all of its dollars and dollar-denominated assets in favor of those denominated in euros, yuan - or simply buying precious metals like gold, which Russia's central bank has increasingly favored for its own reserves.

#Forex #Macro
Russia's soverign wealth fund is divesting all dollar assets (if it invested in Bitcoin that could be huge...)

1035 days ago

The USD responds well to a surprising ADP job report

US initial jobless claims fell to 385,000 last week, while continuing claims increased to 3.8M in the previous week. The ADP employment report showed an increase of 978,000 which was much stronger than the consensus forecast of 600,000. This news sent the USD soaring against other currencies.

#Forex #Macro

1035 days ago

Non farm payrolls (NFP) Preview - Bank forecasts + ING Roundup

10x Bank forecasts

#Forex #Macro
Non famr payrolls (NFP) Preview - Bank forecasts
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