UEUR News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E480 From 07/30/20

Overview: A wave of profit-taking is seen through most of the capital markets today, with the exception of the bond market, where yields continue to trend lower. The US 10-year is now yielding 55 bp, a new low since early March, and the five-year yield set a new record low near 23 bp. Europe...

The U.S. Dollar index has been under pressure, and another 5-6% drop is possible before the U.S. election. US Dollar and Euro diverge at key levels In recent newsletters to my subscribers, I warned of a potential drop in the U.S. Dollar, and more recently, noted that the Euro was threateni...

The momentum of the Swedish krona's rise upwards has been quite impressive over the past few months. Even during a period when the euro is starting to see significant strength against the U.S. dollar, the SEK/EUR has continued to see a very strong upward trend in July. Source: Investing.com ...

Overview: The US dollar's dramatic sell-off continues. It is off against nearly all currencies. Among the majors, the Swedish krona and Japanese yen are leading the money, and the euro surged through $1.17. Emerging market currencies are fully participating, with the JP Morgan Emerging Marke...

The US dollar fell against all the major currencies last week and reached the lowest level against the euro since October 2018. The five-week slump in the Dollar Index is the longest since late 2017/early 2018. Although we were early dollar bears, the downside momentum appears stronger than ...

The EUR/USD currency pair, which expresses the value of the U.S. dollar in terms of the euro, has been rallying recently, breaking above its recent high of not only 1.1423 but also the 1.1495 high which it found earlier this year as global equities crashed. ( Chart created by the author usin...

European measures applied to mitigate the effects of the pandemic have contained the unemployment rate in Europe more than in the U.S. While recognizing economic risks from the rising number of COVID-19 cases in the U.S., our forecast sees this success ratio reversing before the end of the yea...

David Zahn, CFA, FRM, Head of European Fixed Income, Franklin Templeton Fixed Income After much debate, the ink is now dry on Europe's €750 billion coronavirus fiscal rescue package, initially proposed in May. David Zahn, our Head of European Fixed Income, says it marks a strong aff...

Overview The powerful momentum moves in the capital markets continues unabated by escalating US-China tensions and continued spread of the virus. Asia-Pacific equities were mixed. Tokyo was closed for a holiday, but several other large markets in the region, like China, South Korea, and Taiw...

By Daniel Lacalle According to the International Monetary Fund ((IMF)), global fiscal support in response to the crisis will be more than $9 trillion, approximately 12 percent of world GDP. This premature, clearly rushed, probably excessive, and often misguided chain of so-called stimu...