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The US dollar did not recover as much ahead of the jobs as we flagged a week ago, and the technical condition is still stretched. The price action lends credence to our view that a technical consolidative/corrective phase is at hand. Further near-term dollar recovery looks likely but does no...
During the height of the pandemic-induced market turmoil in March, currencies performed mostly according to how they moved with equities - their equity beta, or how risk-on or risk-off they were. That is now changing. Increasingly, currencies will start to reflect how well countries are de...
Overview The drop in US yields to new lows amid paralysis in Washington, except apparently over a lip-syncing app's threat to US national security, sent the dollar back to its lows after a modest recovery in early North American trading yesterday. The greenback remains under pressure today, ...
The dollar was beaten up in July. It fell against nearly all the world's currencies except for a handful of emerging market currencies, including the Argentine peso and Turkish lira. It did not just fall against the major currencies, but it fell hard. The euro's 5.0% gain in July was its bes...
Overview: A wave of profit-taking is seen through most of the capital markets today, with the exception of the bond market, where yields continue to trend lower. The US 10-year is now yielding 55 bp, a new low since early March, and the five-year yield set a new record low near 23 bp. Europe...
The U.S. Dollar index has been under pressure, and another 5-6% drop is possible before the U.S. election. US Dollar and Euro diverge at key levels In recent newsletters to my subscribers, I warned of a potential drop in the U.S. Dollar, and more recently, noted that the Euro was threateni...
The momentum of the Swedish krona's rise upwards has been quite impressive over the past few months. Even during a period when the euro is starting to see significant strength against the U.S. dollar, the SEK/EUR has continued to see a very strong upward trend in July. Source: Investing.com ...
Overview: The US dollar's dramatic sell-off continues. It is off against nearly all currencies. Among the majors, the Swedish krona and Japanese yen are leading the money, and the euro surged through $1.17. Emerging market currencies are fully participating, with the JP Morgan Emerging Marke...
The US dollar fell against all the major currencies last week and reached the lowest level against the euro since October 2018. The five-week slump in the Dollar Index is the longest since late 2017/early 2018. Although we were early dollar bears, the downside momentum appears stronger than ...
The EUR/USD currency pair, which expresses the value of the U.S. dollar in terms of the euro, has been rallying recently, breaking above its recent high of not only 1.1423 but also the 1.1495 high which it found earlier this year as global equities crashed. ( Chart created by the author usin...
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Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E571 Company Name:
DEUR 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...