Previous 10 | Next 10 |
Overview: While investors keep a watchful eye on the dollar fix in China (a little firmer than projected) and tensions with the US, two other developments compete for attention. The Reserve Bank of New Zealand and the central banks of India and Thailand surprised the market with lower rates....
US investors should at present hold off buying euros and investing in European instruments. The euro is likely to weaken further against the US dollar. Christine Lagarde will probably continue the easy money strategy of Mario Draghi. The Dollar Index US investors should be aware that the...
Editor's note: Originally published at tsi-blog.com on August 5, 2019. The euro may well gain in value relative to the US$ over the next 12 months, but three differences between the monetary systems of the US and the eurozone guarantee that the euro will collapse (cease being a useful me...
And we're standing outside of this "Wonderland" Looking so bereaved and so bereft Like a Bowery bum when he finally understands The bottle's empty and there's nothing left I don't know how it happened It was faster than the eye could flick But all I can do is hand it to you And...
Overview: Chinese officials took the US tariff hike quietly last week but struck back today. The PBOC fixed the dollar higher (CNY6.90), which it has not done, and will halt imports of US agriculture. The dollar shot through CNY7.0 to finish the mainland session a little above CNY7.03 and CN...
The title of my last piece covering EUR/USD, entitled EUR/USD Volatility Is Coming , was validated shortly after the publication date of June 30, 2019. The trading day preceding the first one to come after my article is marked with the red line in the chart below (June 28, 2019). (Chart ...
By David F. Hoffman, CFA In June of 1984, I was a young portfolio manager finding myself at odds with the wisdom of the day. Yields on 30-year Treasuries had rebounded from 10% to 14% as inflation had bounced from 2.5% and was running at just over 4%. The leading sages of the day were very...
1. Fed update As expected, the Fed cut its policy rate by 25bps to 2-2.25% for the first time in 11 years despite an unemployment rate standing at an all-time low and equity valuations sitting at all-time highs. We mentioned in our previous articles that a "large" cut (i.e. 50bps) could ha...
After falling against all the major currencies in June, the US dollar rebounded in July. The Dollar Index finished the month at new two-year highs with the Fed's suggestion it was engaged in a mid-course correction rather than a sustained easing cycle. The dollar also appeared buoyed by the ...
Overview: The Federal Reserve delivered the first rate cut since the Great Financial Crisis but couched it in terms of a mid-course correction rather than the start of a larger easing cycle. By doing so, Fed chief Powell cast the cut in less dovish terms than the market expected and the reac...