DRR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 - 617480280 From 04/07/21

The heavier tone for the dollar that emerged last week persists. The final read of the EMU services and composite PMI was better than the flash reading. There is no reason to expect much fresh color on the Fed's views or reaction function from the FOMC minutes. For further d...

Japanese data underscore the pressure on the world's third-largest economy. The mere fact that Europe is experiencing a new wave is problematic for governments. The US sees the JOLTS jobs report today, but the market accepts that the labor market is improving. Canada and Mexic...

Many financial centers in Asia and Europe remain closed for the extended holiday. The UK is about to enter a new phase in combatting the virus. The Canadian dollar is edging higher today after slipping ahead of the weekend. For further details see: Market Pushes First Ra...

The euro held support last week near $1.1700, and the greenback held below JPY111.00. It is difficult to read much into the price action due to the month- and quarter-end adjustments, which also is the end of many governments and corporate fiscal years. At the same time, the dollar bu...

The US is in an enviable position, an accelerating economy, a vaccine rollout that is gaining momentum, averaging more than 2 mln jabs a day, at the end of Q1, and interest rates that remain low by any standard except when during the heart of last year's shutdown. The euro fell for th...

Since 2014, the dollar's share has dropped by 7 full percentage points, from 66% to 59%, on average 1 percentage point per year. The US dollar's status as the dominant global reserve currency is a crucial enabler for the US government to keep ballooning its public debt, and for Corpor...

The global capital markets have begun the new month and quarter on a good note. The final German manufacturing PMI was unchanged from the flash reading of 66.6, but the other large EMU countries' reports were better than expected. Ahead of tomorrow's holiday, during which the US w...

The US dollar is paring its recent gains against most major and emerging market currencies today, mainly on the back of month and quarter-end position adjustments. Asia Pacific equities traded lower after losses in the US yesterday. Gold prices are hovering near the month's low ($...

The dollar has rallied above JPY110 for the first time since last March, and the euro has been pressed below $1.1735. Most large markets in the Asia Pacific region rose, with the notable exception of Australia. South Korea and New Zealand led the region. Sterling and the dollar bl...

A big rally in American 10-year T-note yields and the inability of the European Union to vaccinate its population have taken their toll on the common European currency, halting the slide in the dollar. The biggest factor in the Euro's recent collapse is the difference between European...