CEW News and Press, WisdomTree Emerging Currency Strategy Fund From 08/09/21

A flash crash saw gold drop more than $70 an ounce in early Asia. Silver was dragged lower too. The euro briefly traded below last month's low ($1.1752) to its lowest level since the end of March. The second consecutive increase of more than 900k US jobs solidifies expectations fo...

The Reserve Bank of Australia welcomed the lower exchange rate that it sees as a result of its monetary stimulus. At the same time that the Bank of England formally recognized that it could adopt a negative base rate if needed, the market boosted the likelihood of a rate hike from the...

US interest rates and the dollar turned higher following comments by the Fed's Vice Chairman Clarida, who appeared to throw his lot with the more hawkish members. The Bank of England is not in a hurry to adjust monetary policy, even though inflation is running a little above the mediu...

Japan's service PMI was revised to 47.4 from the preliminary estimate of 46.4 but remains below the 50 boom/bust level and is weaker than the 48.0 reading in June. The final eurozone service PMI was softer than expected, and this served to drag the composite below the flash estimate. ...

The Reserve Bank of Australia surprised investors by sticking to its plan to reduce its bond purchases next month. The eurozone's June PPI rose 1.4%, in line with expectations, which lifted the year-over-year rate to 10.2% from 9.6% in May. The US reports June factory orders and d...

Many large markets in the Asia-Pacific area fell by more than 1%, including Japan, Hong Kong, South Korea, and New Zealand. Singapore, India, and China's Shenzhen Composite were notable exceptions and posted minor gains. After reaching record highs yesterday, the Dow Jones Stoxx 600 h...

Chinese officials moved to calm markets. They did so by the regulators meeting with banks and trying to isolate the crackdown on private education while signaling that IPOs in the US are not banned. Germany reported a larger than expected decline in unemployment and what appears to be...

China's aggressive campaign has exploded on the international stage to become a major market force. Investors are continuing to try to make sense of Beijing's aggressive moves that appear to be a broad offensive that can only result in a slowing if not reversing of past efforts to int...

The inflation story in emerging markets remains highly differentiated, but the pandemic caused a sharp decline that was felt across all regions. Food inflation has been rising across major emerging markets. However, several local factors impact food inflation, and the causes of higher...

Reports today suggest China is considering a 10-25% tariff on steel exports starting in Q3 to rein in the sector. Interest in the eurozone's money supply figures has waned, perhaps as a result of the ECB's asset purchases and negative interest loans. The US 10-year TIP yield is at...