UGBP News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159 From 06/07/21

Most markets in the Asia-Pacific region edged higher. Australia, Taiwan, and Hong Kong were notable exceptions. Germany disappointed with a 0.2% decline in April factory orders. The sting may have been mitigated by the revision to the March series to 3.9% from 3.0%. The Canadian d...

The second consecutive disappointing US jobs report stopped the dollar bounce cold. The question is whether that means that the greenback's downtrend, seen in April and May, will resume. The momentum indicators of the dollar had become stretched. Nevertheless, they seem to favor a con...

Dollar weakness is a topical subject this year, inspiring new forecasts that the currency is in danger of losing its reserve currency status. Recent estimates find that roughly 60% of central bank reserves are held in dollars. The dollar’s status as the premier reserve curr...

China, Australia, and New Zealand equities rose ahead of the weekend, but most other markets in the Asia Pacific region fell, while Tokyo was mixed. The central bank manages the allocation of its reserves and has been authorized to buy gold too. The four-week moving average of wee...

Market participants appear to be biding their time ahead of tomorrow's US jobs report as they digest recent developments. China's Caixin service and composite PMI missed expectations at 55.1 and 53.8, respectively. The Federal Reserve announced it would begin to gradually divest t...

Australia's economy expanded by 1.8% quarter-over-quarter in Q1 '21, which was a little faster than expected. The UK has been given the approval to begin the ascension process to join the CPTPP. Japan's foreign minister Nishimura confirmed the decision. Pressure on the very short-...

The US dollar fell against most major currencies following the PBOC's modest move to reduce the upward pressure on the yuan. Japan's final manufacturing PMI suggested the slowing of activity was not as great as initially feared. The OECD updated its economic forecasts and now sees...

The dollar is little changed against the major currencies. Gold is holding above $1900, while oil is firm, and July WTI is extending last week's 4.3% rally as it tries to solidify a foothold above $67 ahead of tomorrow's OPEC+ meeting. Japan has extended the formal emergency to Ju...

The Dollar Index was greeted by a wall of sellers after it popped above the 20-day moving average (~90.30) for the first time in a couple of weeks. The euro's advance, which began from almost $1.1700 at the end of March, stalled in the $1.2245-$1.2265 band. For the first time in t...

The recovery of the US 10-year yield is helping the US dollar firm. The Chinese yuan rose to new three-year highs today, and its 1.1% gain on the week is the most since last November. While the yen is bearing the burden on the week, with a 0.8% loss, the Antipodeans are leading th...