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The "strong dollar policy" was never about the exchange rate per se. It was a pledge to investors and creditors that the US would not seek a weaker dollar to secure trade advantage or reduce its debt burden. China closely manages its exchange rate. Too much, and too opaque for most ob...
This article assesses the likelihood of the pound following the dollar into monetary hyperinflation. Between March and September, the US government financed twice as much of its spending by bond sales - mostly through inflationary QE - compared with tax revenues. And there is much mor...
The new strain of coronavirus is "out of control," U.K. Health Secretary Matt Hancock warned, as London went into an emergency lockdown and a number of EU nations shut their borders to the country.The mutant variant, dubbed B117, could be up to 70% more transmissible than COVID-19, and has al...
The US dollar is firmer, stocks are struggling, bond yields are higher, and gold and oil are consolidating. European stocks are slightly higher, as it tries to extend the gains for a fifth session, during which time it has gained almost two percent. Gold's recovery from the low ne...
The prospects of a UK-EU deal and US stimulus continue to underwrite risk appetites and weigh on the dollar. The dollar has lurched lower against nearly all the world currencies today. Gold is shining in the weak dollar environment. For further details see: Dollar Thumpe...
Despite the elevated tensions with its biggest trading partner, Australia's PMI showed the recovery gaining momentum. The German manufacturing PMI rose to 58.6 from 57.8, while the services PMI increased to 47.7 from 46.0. Canada reports November CPI today. As the median in the Bl...
The British pound advances 0.8% against the U.S. dollar after a BBC editor tweets about "big buzz" that the U.K. is heading toward a Brexit deal with the European Union.Brexiteers are being told that the U.K. has negotiated a joint dispute mechanism, heading off unilateral action by the ...
China's November economic data matched expectations. Industrial output accelerated to 7.0% year over year form 6.5%. The UK reported that job cuts hit a record in the three months through October, rising by 217k. The US reports the December Empire Manufacturing Survey today (the B...
UK and EU negotiators are still talking which has spurred a sharp bounce in sterling. Most emerging market currencies are higher, with the Turkish lira and a few East Asian currencies notable exceptions. The greenback is also consolidating against the Mexican peso. For furth...
There had been a flurry of official comments when the euro initially probed $1.20 in early September, and Japanese officials fretted when the dollar fell below JPY104 in November. However, the continued weakness of the dollar has been greeted with a near-nonchalance attitude subsequen...
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Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159 Company Name:
UGBP 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...