ADIV - Dollar Consolidates To Start The New Week
2024-07-15 06:58:00 ET
Summary
- As North American activity is about to begin, the dollar is mostly little changed.
- Outside of Hong Kong and Taiwan, most Asia Pacific equities advanced.
- European benchmark 10-year yields are mostly 1-3 bps softer, while the 10-year Treasury yield is up nearly three basis points to 4.21%.
Overview
The assassination attempt on former President Trump has injected a new dynamic as his chances of being re-elected appear to have risen. There are a few trades that seem to benefit from a second term: steepening yield curve, weaker Mexican peso, and stronger crypto. The dollar initially strengthened as the markets initially responded, while Tokyo markets were closed for Marine Day. As North American activity is about to begin, the dollar [[DXY]], [[USDOLLAR]]) is mostly little changed. The Scandis and the New Zealand dollar are exceptions and off around 0.4%. Among emerging market currencies, central European currencies are slightly firmer, while the Mexican peso, which had enjoyed its best week of the year last week is off more than 1.1% to be the worst performer today, though the South African rand is giving it a run for its money....
Dollar Consolidates To Start The New Week