URR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 From 11/16/20

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...

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 ...