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

European shares are advancing today, and the Dow Jones Stoxx 600 is recouping around three-quarters of yesterday's 0.75% loss. US stocks are narrowly mixed, and the S&P 500 is off by about 0.1%, and the Nasdaq is up roughly 0.6% for the week coming into today. The US dollar is...

The lifting of the lockdown in Victoria saw a surge in employment. The nearly 179k increase blew away forecasts. The dollar is pushing back above JPY104 in the European morning after holding above yesterday's low (~JPY103.65) in local markets. As widely anticipated, Turkey's new c...

The dollar is heavy, and for the first time since the Pfizer announcement, it is trading back below JPY104. Most emerging market currencies are also firm. The main exceptions are the Turkish lira and the Thai baht. For further details see: Balancing Pandemic Surge With Optim...

Sell-side institutions have turned moderately to significantly bearish on the US dollar in recent months. Some banks are expecting up to 20% USD depreciation in 2021. We do not think that the USD will continue to weaken indefinitely from current levels as some economies (Euro area...

The Reserve Bank of Australia cuts its key rate (overnight cash rate and its three-year yield target) to 10 bp and announced a A$100 bln bond-buying effort. The dollar's slide against the Chinese yuan continued today, and a new two-year low has been recorded near CNY6.55. Canada r...

Despite the surging pandemic and new restriction measure, risk-appetites appear strong to start the week. Most emerging market currencies are trading higher, though the Turkish lira is an exception. The greenback is trading heavier. For further details see: Risk On Despi...

The dollar did well after suffering broadly the prior week. The New Zealand dollar was bolstered by the unwinding of expectations that the central bank would adopt a negative target rate. Sterling's gains ahead of the weekend were sufficient to settle positive, just barely, on the...

The G20 meeting of finance ministers and central bankers is to further progress on debt relief for the poorest countries. The dollar slipped to a three-day low near JPY104.85 today, but it continues to consolidate Monday's surge that lifted it from around JPY103.20 to a high near JPY1...

There is a nervous calm in the capital markets today. The dollar is mixed, with the sterling and the dollar bloc softer and the euro, yen, and Swiss franc a little firmer. The Turkish lira is extending yesterday's sharp gains, while many of the regional Asia Pacific currencies low...

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...