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The dollar had a terrible week against just about every major currency worldwide, despite President Trump’s latest U-turn and predictable backing down over his Greenland tariffs.Initial relief in financial markets did not extend to the US dollar.
The US dollar confirms that it remains a safe haven for investors worried at times of global conflict.Maduro's capture, US seizure of unregistered oil tankers, Trump's threats on Denmark and the Iranian protets all contributed to a sense of anxiety and the dollar rallied against its peers, as did gold.
Last week's wobbliness in equity markets and tech stocks did not carry over into currency markets. G10 currencies traded in tight ranges, wi...
While tech stocks had their worst week since the Liberation Day sell-off in April, currency markets largely took the AI mini-crash in stride.G10 currencies remained in tight ranges, while some emerging market currencies posted modest gains.
The dollar managed to hold on rather well last week, considering that the only economic data point out of the US in weeks (September inflati...
The absence of macroeconomic news in the US caused by the Federal government shutdown is creating strange correlations in financial markets....
The universally expected cut in Federal Reserve overnight rates actually triggered a sell off in US bonds and a rally in the dollar.It seems that markets had been prime for an even more dovish outcome, and the single vote among committee members for a jumbo 50bo cut did not satisfy them. Stocks rallied again, however.
US inflation remains well above Federal Reserve targets, as has for the past five years, and is slowly trending higher.Meanwhile, signs of a labor market slowdown continue to pile up.Pressure of the Fed to cut piles up, and stocks somewhat incongruously continue to hit fresh records.
A tentative dollar rally came to a sudden end Friday after the release of the weak August labor market report, which suggested the great US jobs machines grinding to a halt.Markest quickly priced in cuts in the three remaining Federal Reserve meetings left in 2025, bonds rallied and stocks sold off.
President Trump's attempt to remove Federal Reserve Governor Lisa Cook is the most direct attack on the Fed's independence since at least th...
We witnessed one of the most dramatic U-turns that we’ve seen in the US dollar for some time last week.The first four days of the week were characterised by a broad dollar rally, as a solid GDP report, the signing of trade deals and a hawkish Fed acted to chip away at the greenback’s risk premium.
The dollar traded lower against most currencies last week as market participants became increasingly jittery ahead of Friday’s looming tariffs deadline.
