CEW News and Press, WisdomTree Emerging Currency Strategy Fund From 03/06/23

2023-03-06 07:15:00 ET Summary The modest economic goals announced as China's National People's Congress starts appeared to weigh on Chinese stocks. Other large bourses in the region advanced, led by Japan's Nikkei and South Korea. Europe's STOXX 600 is little changed after ri...

Summary Europe's STOXX 600 is up 0.7% to bring the weekly gain to around 1.2%. Japanese and Indian equities led the regional equity markets higher. US equity futures also enjoy a firmer bias. The US dollar is trading heavily against all the G10 currencies. Swiss franc and sterli...

Summary Asia-Pacific equities were mostly lower, with South Korea and Australia being notable exceptions. Europe's STOXX 600 is lower for the third consecutive session. US equity futures are narrowly mixed. All the G10 currencies are weaker today, with the Scandis and New Zealand do...

Summary Asia-Pacific equities jumped, led by the 4.2% rally in Hong Kong and a 5% surge in the index that tracks mainland shares. Europe's STOXX 600 is posting a small gain, and US index futures are trading higher. The dollar is broadly lower. The New Zealand dollar is leading the c...

Summary The Australian and New Zealand dollars remain softer and the Swiss franc is virtually flat, but the other G10 currencies, led by sterling, are posting small gains. The news stream is light and conducive to the consolidative tone, but the dollar's recovery does not seem complete....

Summary Given the centrality of the US economy and rates, it is not simply a question for America, the Federal Reserve, and investors, but the implications are much broader. The Dollar Index is closing in on last month's high near 105.65. The market is continuing to game out the pos...

Summary The dollar appreciated against all the G10 currencies but the Swedish krona, which is still correcting higher after the hawkish pivot by the central bank. The downward revision in Germany's Q4 GDP has done the euro no favors. The single currency is a 15-20 pip range on either si...

Summary The prospect that the Fed’s tightening cycle continues into early Q3 is underpinning the greenback today against most of the G10 currencies. Most of the dollar block currencies are posting minor gains today, perhaps encouraged by the firmer equity markets. The euro has be...

Summary The dollar was broadly higher in North America yesterday. Rising US rates and falling stocks are the main driver, and the FOMC minutes later today are the focus. Sterling, helped by its own surprisingly strong data, was the only G10 currency to have gained against the surging do...

Summary The dollar is broadly stronger. Sterling is a notable exception after a stronger-than-expected flash PMI and better-than-expected public finances. A slightly-better-than-expected preliminary PMI and hawkish minutes from the recent RBA meeting has done little to support the Austr...