UEUR News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E480 From 11/11/20

China's Single's Day sales were impressive, but the focus is on the new antitrust action that threatens to curtail the growth of its internet giants like Alibaba. Sterling has been underpinned by the pendulum of market expectations swinging away from negative interest rates. While...

The initial estimate of eurozone GDP growth in Q3 far surpassed expectations. But renewed COVID-19 restrictions point to a sizeable GDP decline in Q4. Whether the eurozone can avoid another technical recession is uncertain at this point. Either way, the road back to pre-pandem...

Emerging market currencies and the majors that benefit from world growth outperformed the perceived safe-havens, like the yen and the Swiss franc. Yesterday's violent moves may have been an overreaction, but today's action is more consolidative than a reversal. The dollar is tradi...

The new week has begun with robust risk appetites, driving stocks higher and sending the dollar broadly lower. The greenback fell by 2% against the Canadian dollar last week, the largest decline in five months. The dollar was weaker against nearly all the world's currencies, but t...

EUR/GBP has been moving higher, albeit slowly, over the past few months. Further upside can probably be expected, considering that the U.K. faces heightened uncertainty post year-end, after its trade deal deadline passes. The U.K. may be able to formalize a trade deal with the EU ...

The US dollar had one of its worst weeks of the year. Many participants were caught wrong-footed by the dollar's drop and the sharp drop in US yields. The broad dollar weakness is making it difficult for the PBOC to resist a stronger yuan. For further details see: Bears ...

Turkish equities have not moved much in 2020, however they have collapsed in international FX terms. USD/TRY and EUR/TRY continue to appreciate. Indeed, all G10 currencies have appreciated against the lira between 40 and 60% this year. Nevertheless, while consumer confidence remai...

Despite escalating trade tensions with China, Australia reported a much larger-than-expected trade surplus for September. German factory orders were weaker than expected in September, suggesting that Europe's largest economy may have entered its new social restrictions with fading eco...

The dollar, which fell on Tuesday, is recovering smartly today. It has risen against nearly all currencies. Among the majors, the Australian dollar has been hit the hardest; the Swiss franc is the strongest, and virtually flat. Emerging market currencies have seen some dramati...

The US dollar is heavier against the major currencies. The euro looks to snap its six-day slide, as does the JP Morgan Emerging Market Currency Index. The Turkish lira remains under pressure despite its slightly less than expected rise in CPI. The Reserve Bank of Australia did...