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Tag: usd

U.S Dollar Responds to Higher Yields

Monday April 23: Five things the markets are talking about U.S Treasuries begin the week on the back foot, trading atop of the key psychological +3% level at +2.994%, prolonging last week’s price decline as capital markets continue to evaluate the global outlook for trade and growth. Note: Trade dominated discussions at an IMF gathering […]

USD/CAD – Canadian Dollar Under Pressure, Investors Eye BoC Governor Testimony

The Canadian dollar is steady in the Monday session, after posting losing sessions for three straight days. Currently, USD/CAD is trading at 1.2796, up 0.23% on the day. The Canadian dollar remains under pressure and has dropped to a 2-week low. On the release front, Canada releases Wholesale Sales, which is expected to improve to […]

EUR/USD – Euro Dips as Manufacturing PMIs Soften

EUR/USD ended the week with losses, and the downward trend continues in the Monday session. Currently, the pair is trading at 1.2249, down 0.31% on the day. On the release front, German and eurozone manufacturing PMIs dropped in March, but still pointed to expansion. In the US, Existing Homes is expected to inch up to […]

Central Bank Comments Boost US Dollar

The US dollar is higher across the board after geopolitical tensions have eased and Fed speakers are making a case for a faster rate hike for US interest rates. The hawkish comments from Fed’s Loretta Mester contrasted with dovish comments from the European Central Bank (ECB) and Bank of England (BoE) officials which put downward […]

Weekly Review: A Good Week for Crude Oil and Cryptocurrencies

Politics and geopolitical issues continued to dominate the market. In Washington the turmoil in the Trump administration continued. A number of Republicans sent a letter to the FBI and Justice department asking for the memos written by James Comey. They threatened to impeach the new FBI director, Christopher Wray and the Deputy Attorney General, Rod […]

USD/CAD – Canadian Dollar Dips as Consumer Data Disappoints

The Canadian dollar has lost ground in Friday’s North American session. Currently, USD/CAD is trading at 1.2727, up 0.44% on the day. On the release front, Canadian CPI gained 0.3%, shy of the estimate of 0.4%. Core Retail Sales dropped sharply to 0.0%, missing the forecast of 0.4%. Retail Sales edged up to 0.4%, above […]

EUR/CHF – Swiss National Bank Deja Vu

Friday April 20: Five things the markets are talking about Global equities are closing out the week on the back foot, stressed mostly by technology stocks coming under earnings-related pressure. U.S Treasury yields are holding above the psychological +2.90% as German Bunds steadied and U.K gilts pared yesterday’s losses. In FX the ‘big’ dollar has […]

EUR/USD – Euro Under Pressure as German Inflation Misses Estimate

EUR/USD has lost ground in the Friday session. Currently, the pair is trading at 1.2299, down 0.40% on the day. On the release front, there are no major events. German PPI improved to 0.1%, but this fell short of the estimate of 0.2%. Later in the day, the eurozone releases consumer confidence, which is expected […]

USD/CAD – Loonie Rallies on Inflation Data

Statistics Canada data this morning showed that headline inflation in Canada slowed last month, while measures of underlying prices strengthened to their highest level in 18-months. Canada’s consumer-price index rose +1.7% y/y in January, following a +1.9% advance in December. Market expectations were for a +1.5% lift. On a month-over-month basis, prices rose +0.7% in […]

Fed Rhetoric to Dictate Dollar Direction

Friday February 23: Five things the markets are talking about Ahead of the U.S open, Euro equities are struggling for direction after a positive Asian session as the market debates the outlook for central banks ‘normalizing’ their policies. Euro bonds have gained along with Treasuries, while the dollar steadies after yesterday’s drop. With no U.S […]