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1121 days ago

Equities bounce back helps EM currencies (for now)

There was relief for risk-on trades across the board yesterday as equities rebounded strongly, and those moves also benefited the emerging market currencies. After depreciating sharply in the past couple of weeks, the Brazilian real, South African rand and Turkish lira were all up by over 1% against the USD. If the currencies come under renewed pressure, some think those central banks will need to tighten policy sooner than could be ideal in order to shore up their currencies. Source: MacroMarketsDaily.com

#Forex

1121 days ago

Dollar vs. Fiat, Gold and Bitcoin

A counter-trend against other fiat currencies and Gold. No respite against Bitcoin. Source: Bloomberg, www.zerohedge.com 

#Forex
Dollar vs. other fiat currencies, Gold and Bitcoin

1122 days ago

US Dollar rises 5% against the Swiss Franc, 4% vs. Yen.

The USD should be on your radar this week, as it made itself known throughout the day yesterday, rising strongly against most currencies including further gains against the CHF and JPY. Over the past two weeks, the USD rose by 4% against the JPY and 5% against the CHF, as real rates in the US become too high for traders to ignore compared to the much lower returns in Switzerland and Japan - could the euro follow suit? Source: MacroMarketsDaily.com

#Forex

1123 days ago

EUR/USD back under 1.19

The major pair EUR/USD when back below 1.19 after having breached the critical 1.1211 level. Rise of US yields, boosting the dollar, was the main reason for this downslope motion. The dollar was further supported with the new coronavirus relief package and the growing effort for vaccines, with the US population expecting to administer it to 50% of their population by late May.

#Forex
EUR/USD back under 1.19

1123 days ago

When will $DXY snap higher to match relative US growth expectations?

This chart shows expectations for economic growth in the US vs. G9 countries is at the highest in over 5 years. Yet DXY is near multi-year lows...

#Forex
When will $DXY snap higher to match relative US growth expectations?
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