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Another round of stimulus has been launched in England as the country enters a second lockdown that runs from today until December 2.The U.K.'s central bank boosted its bond-buying program by a larger-than-expected £150B, taking the government's purchase target to to £875B to help t...
The dollar, which fell on Tuesday, is recovering smartly today. It has risen against nearly all currencies. Among the majors, the Australian dollar has been hit the hardest; the Swiss franc is the strongest, and virtually flat. Emerging market currencies have seen some dramati...
The US dollar is heavier against the major currencies. The euro looks to snap its six-day slide, as does the JP Morgan Emerging Market Currency Index. The Turkish lira remains under pressure despite its slightly less than expected rise in CPI. The Reserve Bank of Australia did...
The dollar is firmer, though not against the dollar bloc. Sterling is the weakest of the majors, though it is recovering. The euro fell in every session last week and extended those losses today. For further details see: Shaken Not Stirred
The dollar had been trading heavily, but it seemed as we entered the last week of October that it was unreasonable to look for a downside breakout given the new acute contagion in Europe and what by all accounts would be a dovish ECB press conference. The one-two punch of the escalate...
Attempts to steer the economy back towards free markets and sound government finances were always going to be difficult. Whatever the outcome of Brexit, the ties with the EU will not suddenly cease. While statistically understating the negative effects of the inflation of money an...
The Dow Jones Stoxx 600 dropped almost 3% yesterday, but today is trying to snap a three-day 5.7% slide that brought it to five-month lows. The S&P 500 gapped lower yesterday and settled on its lows. US shares are trading firmer. The greenback is mostly firmer, though the yen ...
Volatility has been rising across all asset classes amid the uncertainty over US elections and a new round of lockdowns. As expected, the US dollar responded positively to the rise in VIX these last few days. We continue to favor risk-off currencies - JPY and USD - in the current ...
Several European countries are experiencing the most fatalities and illnesses in several months, and policymakers are responding with national restrictions. Australia's Q3 CPI was a touch firmer than expected at 0.7% year over year. It is up from the -0.3% rate in Q2. The Canadian...
S&P Global Ratings affirms the U.K.'s AA/A-1+ sovereign credit ratings and keeps its outlook at stable, citing the "broad range of fiscal, monetary, and regulatory measures" that the country has taken to mitigate the economic fallout of the COVID-19 pandemic.An AA credit rating is in the ...
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On Thursday, May 16th, U.S. stock markets closed in the red as investors adjusted their rate-cut expectations following data showing a sl...
On Wednesday, May 16th, U.S. stock markets closed significantly higher, with major indexes reaching record highs. The S&P 500 and Nasdaq each c...
On Tuesday, May 15th, U.S. stock markets closed higher, with the Nasdaq reaching a record closing high. Both the S&P 500 and Dow Jones also saw...