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The dollar index measures the value of the US currency against other leading global foreign exchange instruments. The futures contract that trades on the Intercontinental Exchange has the following composition: Source: ICE The chart shows that the euro, Japanese Yen, and British pound co...
Originally published December 31, 2019 Overview: With many financial centers closed for the solar New Year, last-minute profit-taking and positioning are evident. After posting modest declines, albeit the most in a few weeks, the losses in Europe and the US yesterday carried into the Asi...
Overview In quiet turnover, Asia-Pacific and European equities are trading lower, while US shares are enjoying a firmer bias. China and Hong Kong markets bucked the trend. The Dow Jones Stoxx 600 is off by about 0.40% in late morning turnover. The S&P 500 has a five-week rally in tow. Bo...
The US dollar is finishing the year on a soft note. The Federal Reserve's real broad trade-weighted dollar index, which is updated at the end of the month, was lower at the end of November than at the end of 2018 (101.85 vs. 102.00). It has eased in five of the past six months, and December ha...
Overview The holiday has already shut several markets, and those that are open are lightly traded. Equity markets are mixed but little changed in the Asia-Pacific region, while the European benchmark, the Dow Jones Stoxx 600, was hovering around the record high. Benchmark bond yields are sli...
Overview In light volume, equities are trading with a heavier bias, bonds are mostly firm, and the dollar is softer against the major currencies. China's equities stand out, with the Shanghai Composite falling over 1%. The South Korea, Australia, and Indian markets eased, but most of the sma...
There were a few notable developments in terms of the price action in the foreign exchange market last week. The biggest was the four-day drop in sterling that took it down 2.5% on the week, which is the largest decline since the flash crash in October 2016 that saw it lose more than 4%. On ...
Overview It is risky to read too much into the price action in holiday-thin markets, but inflation fears are beginning to surface. The price of January WTI is around $61, having tested $50 a barrel in Q3. The CRB Index made new highs for the year yesterday and is up almost 9% for the year. T...
Source: Invesco US Editor's Note: The summary bullets for this article were chosen by Seeking Alpha Read more ...
Overview Efforts by a UK Prime Minister, emboldened by a strong electoral victory, will ensure that trade negotiations with the EU are not extended as the divorce has encouraged further profit-taking on sterling. After testing the $1.35 area on the exit polls last week, sterling had return...
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ATLANTA , Dec. 13, 2019 /PRNewswire/ -- Invesco (NYSE: IVZ), one of the world's leading global investment managers, today announced changes to its US exchange-traded fund (ETF) and mutual fund product lines. The fund rationalization is intended to integrate the fund ranges o...