DRR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 - 617480280 From 05/10/21

The Dollar Index was stalling near 91.40 at the end of April and the start of May. It had been pushed to around 90.85 before the employment report, which saw it drop to around 90.20, below its lower Bollinger Band. In the middle of last week, the euro had fallen to a 2.5-week low near...

In the Asia-Pacific region, most equity markets advanced. European equities are slightly firmer, and the Dow Jones Stoxx 600 is set to snap a two-week decline. The dollar remains lower on the week against all the major currencies and all but a handful of emerging market currencies...

Oil, stocks and gold all cannot rise without a corresponding rise in UST yields. The idea that inflation hedge and risk assets can be up but yields down is untenable. A rise in US yields and stronger USD short circuits emerging market economies especially those with USD currency board...

China returned from its extended May Day holiday to find fresh confrontation over its domestic and international actions. The dispute over fishing rights in UK waters, a difficult negotiating point in last year's trade talks, has escalated this week. The Biden Administration commi...

The threat of new trade wars is smaller, but tension hasn’t let up between the US, EU and China. Exporters continue to face higher costs and uncertainty that could weigh on trade growth after this year’s boost from economies opening up. The trade war shocks to the US...

The share of US dollar reserves held by central banks fell to 59% - its lowest level in 25 years - during the fourth quarter of 2020, according to the IMF's COFER survey. Some analysts say this partly reflects the declining role of the US dollar in the global economy, in the face of c...

Disappointing German, French, and Italian PMI reports helped send the euro to almost $1.1985, its lowest level in about two and a half weeks. China and Japanese markets open tomorrow for the first time this week. After reaching a four-day high near CAD1.2350 yesterday, the US doll...

Australia's economy is expanding faster than the RBA projected at the start of the year, and unemployment is falling faster than anticipated. Outside of the eurozone, the focus was on the UK that reported its final manufacturing PMI ticked up to 60.9 from 60.7 of the flash estimate an...

After falling 1.15% last week, the MSCI Asia Pacific Index traded heavily today, with only Australia and New Zealand bucking the move. Europe's Dow Jones Stoxx 600 fell for the second consecutive week to the end of April and is struggling to sustain early upticks today. US S&P...

The US dollar traded heavily most of last week but rebounded ahead of the weekend, with some month-end flows impacting. The Japanese yen was a notable exception. The dovish Fed lifted the euro to $1.2150, its highest level since the end of February. The Canadian dollar was easily ...