In markets with reduced activity due to the holiday, the dollar is generally weaker as anticipation builds for North American leadership. Given the recent increase in the yen, and contrary to our prior expectations, it seems that Japanese officials took significant action yesterday. The intervention could have been approximately $34.5 billion (~JPY5.4 trillion), which, if Read More
Robust economic indicators from the United States, coupled with a hawkish stance maintained by the Federal Reserve, contributed to the depreciation of the euro. It was sold through last week’s low (approximately $1.1670). The euro experienced a decline to $1.1655 during the Asia Pacific session today, subsequently rebounding to nearly $1.17. Options amounting to nearly Read More
The euro is currently fluctuating within a narrow band, slightly exceeding a quarter-of-a-cent below $1.1720 today. In early North American trading yesterday, the euro encountered support just above the pre-weekend low, which coincided with the 200-day moving average, slightly below $1.1680. It experienced a slight recovery, settling just above $1.1715 as European markets concluded their Read More
The recent developments in discussions between the US and Iran initially suggested a cautious market sentiment, yet a fresh proposal from Iran seems to have rekindled optimism for a potential resolution. The US dollar is experiencing a decline, while equities in the Asia Pacific and Europe have shown an upward trend, and bond yields are Read More
The Dollar Index failed to break its losing streak yesterday, extending it for the eighth consecutive session, thereby matching the longest decline since April 2011. The current trend could conclude today if the dollar maintains its upward momentum. In light of the stronger than anticipated GDP figures from the UK and China, alongside a robust Read More
The Dollar Index failed to break its losing streak yesterday, extending it for the eighth consecutive session, thereby matching the longest decline since April 2011. The current trend could conclude today if the dollar maintains its upward momentum. In light of the stronger than anticipated GDP figures from the UK and China, along with a Read More
The US dollar is exhibiting a stronger inclination today. The Dollar Index is poised to potentially end its seven-day downward trend. President Trump has suggested that the “war is close to over”. Recent days have shown an improved risk appetite, indicating that the market is anticipating this development. A new round of negotiations between the Read More
North American participants dismissed the negativity observed in the Asia Pacific and European markets yesterday following the collapse of US-Iran negotiations over the weekend. The prevailing optimism was palpable, accompanied by reports indicating that further negotiations are being considered during the ceasefire set to expire next week. The dollar is experiencing a general decline. Today, Read More
The dollar exhibits a mixed performance against the G10 currencies today, in anticipation of the March US CPI report. The dollar bloc and the Japanese yen are facing challenges. Nonetheless, the tone predominantly reflects a consolidative stance. Equities exhibited an upward trend in the Asia Pacific region, albeit with a few exceptions, and also in Read More
Equities have experienced a reduction in the gains observed yesterday. Benchmark 10-year bond yields are predominantly stronger. The dollar has predominantly remained within limited fluctuations relative to the G10 currencies. Most currencies exhibit a slight strengthening, with the exception of the Australian and Canadian dollars, as well as the Japanese yen. The JP Morgan Emerging Read More
