EUFX News and Press, ProShares Short Euro From 05/02/22

The Scandinavian currencies are bearing the brunt of the greenback's gains, but the other major currencies are also a little heavier. Non-commercials in the futures market reduced the net long euro position for the second consecutive week through April 26. The US dollar staged a s...

The Federal Reserve has communicated its intent to bring the Fed funds rate to a neutral setting and maybe higher in recognition of the persistence of unacceptably high inflation. The European Central Bank will continue to buy bonds through June. The swaps market discounts a tightenin...

The world's second-largest economy is being hit by the lockdowns as part of the policy response to the outbreak of Covid. However, the economic impact seems somewhat milder than when the pandemic first arose in Q1 20, and the economy shrank by 10.3% quarter-over-quarter. Chinese e...

Beijing prodding may have reversed much of the week’s equities market pain, though I doubt positive sentiment will return anytime soon. China Development Bank CDS jumped 12.5 to 91.5 bps, surpassing the March 2020 crisis spike to a five-year high (began the year at 55bps). ...

China's mainland markets are closed until next Thursday. Japanese markets were closed today and re-open Monday, but then are on holiday again Tuesday through Thursday. Many European centers will be closed Monday for the May Day holiday. For further details see: Did China...

The BOJ stands ready to buy an unlimited about of 10-year Japanese government bonds to defend the 0.25% cap on 10-year yields indefinitely. The Australian dollar fell to new two-month lows near $0.7075 before finding bids that lifted it back toward $0.7160. Mexican President AMLO ...

The value of the U.S. dollar continues to get stronger, and this could be the chance for the U.S. government to build its position in the world. The victory of Emmanuel Macron in France, along with the stronger U.S. economic position, could lead to a stronger EU and a stronger NATO. ...

Russia's decision to cut gas supplies to Poland and Bulgaria and the sharp sell-off in US equities yesterday casts a pall over the markets today. But not the dollar. The euro punched through $1.06 for the first time in five years and the greenback turned higher against the yen after f...

The euro has been weakening since last summer, and we are about to experience another episode of conflicting central bank policies, where the Fed will be tightening monetary policy while the ECB will be lagging the Fed. Europe already has had to deal with a horrific price spike in nat...

The recovery attempt of risk appetites, reflected in the recovery and strong close in US stocks yesterday was dealt a blow by Russia's Foreign Minister's warning of a "serious" danger of nuclear conflict. While the Fed's balance sheet was expanded primarily through asset purchases, th...