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Australia has become the latest country to officially enter a recession, though the 7% GDP decline was a lot better than the coronavirus-induced devastation to other economies, particularly those in the West. More news on: iShares MSCI Australia ETF, Invesco CurrencyShares Australian Dol...
Overview: The US dollar has been sold off across the board. The euro approached $1.20, and sterling neared $1.3450. The greenback traded below CAD1.30 for the first time since January. Most emerging market currencies, but the Turkish lira, are also advancing today. The S&P 500 seven-day ...
Overview After a confused and volatile reaction to the Federal Reserve's formal adoption of an average inflation target, it took Asian and European traders to embrace the signal and take the dollar lower. It is falling against nearly all the currencies and has slumped to new lows for the yea...
In my previous article , I have already outlined three key reasons to sell the Australian dollar - specifically, against the Canadian dollar. Indeed, since that article was published, AUD/CAD has lost almost 2.0% in value and the pair is still trading within the descending channel. In this ar...
Overview The Nasdaq rallied 1% yesterday to record highs as the Dow Industrials struggled, and the S&P 500 was able to eke out a small gain. The coattails were short, and the strength of the yen may have contributed to a 0.2% loss of the Nikkei. Still, its 6.2% advance this month is the ...
The AUD/NZD currency pair, which expresses the value of the Australian dollar in terms of the New Zealand dollar, is effectively a market-based measure of the relative strengths of the Australian and New Zealand economies. Both AUD and NZD are also commodity currencies, due to the relative imp...
By Francesco Pesole, FX Strategist It's remote but the Reserve Bank of New Zealand might be looking at a Swiss-style mix of negative rates and FX intervention in future if economic conditions worsen. However, market intervention would likely imply significant purchases of the Aussie d...
By Chris Turner, Global Head of Markets & Francesco Pesole, FX Strategist Some investors might start to get dragged out of equities and into bonds by temptation of higher yields in the coming weeks if, as we expect, the Treasury sell-off has further to run. Any hint at inflation tar...
The AUD/USD currency pair, which expresses the value of the Australian dollar in terms of the U.S. dollar, has performed very well in recent times, more recently rallying safely above the 2020 opening price of approximately 0.7016 (shown below). This reversal is stark, considering the signific...
Overview The poor price action on Tuesday in the S&P 500 was shrugged off, and new highs for the recovery were made as the record high nears. The dollar, on the other hand, seemed to find plenty of sellers against most of the major currencies. The yen was a notable exception. The dollar ...
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Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E605 Company Name:
DAUD Stock Symbol:
NYSE Market:
Citigroup Global Markets Holdings Inc. (“CGMHI”) announced today that it will accelerate at its option, and in full, the ten series of exchange-traded notes listed in the table below (the “ETNs”). Holders of the ETNs will receive a cash payment per ETN in...