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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...
Differences in effects from the stimulus in Canada and Japan Many experts admit that Japan's central bank has even less economic stimulus tools at its disposal than the US Fed. In fact, in this country, we see almost permanent support for the economy, which suggests that the effect of stimul...
The GBP/JPY currency pair, which expresses the value of the British pound sterling in terms of the Japanese yen, has so far this year managed to stave off the 128 handle after sinking below this important level in March 2020. As shown in the long-term monthly candlestick chart below, GBP/JPY h...
The USD/JPY currency pair, which expresses the value of the U.S. dollar in terms of the Japanese yen, has traded in a generally non-volatile fashion since April 2020 (after the pair saw an extremely volatile Q1 2020). The daily candlestick chart below illustrates USD/JPY price action through 2...
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 ...
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...
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 ...
The recent sell-off in long-duration U.S. bonds has taken the wind out of yen's sails, with yen crosses pushing to new rally highs and USDJPY rising to three-week highs. However, the yen's decline is increasingly at odds with its fundamental drivers and we expect double-digit gains in the curr...
Overview: The biggest rise in the US 10-year yield in a couple of months, as the record quarterly refunding, got underway may have helped stabilize the dollar after an earlier decline. The S&P 500 threatened to extend its advance for the eighth consecutive session yesterday, but a late s...
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'...
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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...