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Overview: The new week has begun slowly with Singapore and Tokyo markets closed for national holidays. The MSCI Asia Pacific Index rose 2% last week and edged higher today, led by 1.5%-1.7% rallies in South Korea and Australia. Hong Kong was a notable exception and eased around 0.6%. Europe'...
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 NZD/JPY currency pair, which expresses the value of the New Zealand dollar in terms of the Japanese yen, at least in the short run tends to correlate positively with risk assets such as equities. If markets are in a positive mood, the Japanese yen (a conventional safe haven) tends to ease,...
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 ...
Overview The powerful momentum moves in the capital markets continues unabated by escalating US-China tensions and continued spread of the virus. Asia-Pacific equities were mixed. Tokyo was closed for a holiday, but several other large markets in the region, like China, South Korea, and Taiw...
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Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 Company Name:
DJPY 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...