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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...
The Federal Reserve "hawkish cut" last week seems to have taken markets by surprise. Clearly, further cuts are far from a consensus view in the central bank, and all asset classes reacted to the surprise in the traditional ways. Interest rates shot up, credit spreads widened, stocks sold off, and the dollar strengthened.
The dollar managed to hold on rather well last week, considering that the only economic data point out of the US in weeks (September inflation) undershot expectations and all but guaranteed cuts at the next two Federal Reserve meetings.
The absence of macroeconomic news in the US caused by the Federal government shutdown is creating strange correlations in financial markets....
The dollar had its best week in months as political concerns hobbled the euro. However, the renewed trade war between the US and China threw a wrench across risk assets late Friday.
Generally strong economic data last week lead markets to start pricing out some Fed cuts.Spending remains healthy and consistent with decent growth, in spite of the slowing labor market.
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.
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.
Trump's attempt to remove Fed Governor Lisa Cook is the most direct attack on the Fed's independence since at least the 70s, yet so far the dollar seems to be taking it in stride.
The dollar traded lower against most currencies last week as market participants became increasingly jittery ahead of Friday’s looming tariffs deadline.Progress towards the striking of trade deals has been painfully slow since Liberation Day.
