URR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 From 10/21/20

EUR/CAD continues to trade at levels that are materially above the pair's opening price of circa 1.45. New joint debt issuance in the EU appears to show promise as a recent (albeit small) issuance was massively over-subscribed. With greater fiscal harmonization and the prospect of...

In the Asia-Pacific region, Japan, Taiwan, and Australian bourses led declines, while China, Honk Kong, South Korea, and India advanced. Europe's Dow Jones Stoxx 600 is straddling little-changed levels. US shares are recouping part of the losses suffered late yesterday. The eu...

China's economy expanded by 2.7% in Q3, a little below the Bloomberg survey median forecast of 3.3%, and Q2 growth was revised to 11.7% from 11.5%. The UK has been struck by a resurging virus, the lack of progress with EU trade talks, and the pre-weekend downgrade by Moody's. In a...

The US dollar rose against nearly all the major currencies last week. The yen was the sole exception. Of the majors, the Australian dollar suffered more than a 2% decline following the strongest signals to date that that Reserve Bank of Australia will do more to support the economy. ...

Led by a 2% drop in Hong Kong, Asia-Pacific equities tumbled, with the exception of Australia. The Dow Jones Stoxx 600 is off for a third day, but the nearly 2.2% decline is the largest drop since September 21. US shares are also lower. The dollar is gaining across the board. ...

EUR/NZD has been consolidating over the past few weeks. The euro remains stronger against the U.S. dollar this year, as does the New Zealand dollar. However, while EUR has found appeal as an even closer competitor to USD (as a world reserve currency), NZD is exposed to plenty of risks...

In China, the September surplus fell to $37 bln from almost $59 bln. The median forecast in the Bloomberg survey was for a $60 bln surplus. European stocks are struggling a bit, and the consolidative tone is threatening to end the three-day advance. The US reports September CPI. T...

The spread of coronavirus and the fear of the second round of lockdowns is the most important theme impacting global foreign exchange markets. The Swiss franc and Australian dollar look "overvalued." Canadian dollar is the most "undervalued" currency among the majors. For fu...

The US dollar fell against most of the world's currencies last week and looks poised to move lower in days ahead. Some participants expect the increase in long-term rates to be supportive of the dollar, but most are bearish the greenback, and the consensus forecasts reflect this attit...

As a recent standout in currency markets, the Invesco CurrencyShares Euro Trust ETF has gained nearly 10% since March 20th, 2020. But these types of short-term gains can also have their consequences, and the ECB might be forced to delay normalization in interest rate policy. Since...