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The dollar is the king of currencies. As the world's reserve currency, the US greenback is the foreign exchange instrument that central banks around the world hold as part of their reserves. At the same time, the dollar is the benchmark pricing mechanism for most commodities. Raw materials are...
About FXE The Invesco CurrencyShares Euro Trust ETF ( FXE ) is an exchange-traded fund incorporated in the USA, designed to track the price of the euro against the US dollar. The fund is rebalanced quarterly. Introduction In the past few weeks, growing concerns over COVI...
Overview The increase of COVID-19 cases in South Korea and Japan, coupled with China's changing reverting back to its previous methodology of calculation, dropping clinically diagnosed cases, has again weakened risk appetites and sent the dollar broadly higher. Fears of a Japanese recession ...
Overview After shunning risk yesterday, investors re-entered the fray today and the animal spirits returned. The MSCI Asia Pacific Index snapped a four-day slide, and China's markets were among the few losers in the region today. Europe's Dow Jones Stoxx 600 recovered yesterday's losses in f...
Overview: Apple's (AAPL) warning that it will miss Q1 revenue due to the knock-on effects of the coronavirus seemed to be a modest wake-up call to investors, who, judging from the equity market, were looking beyond. Equities have fallen and bonds have rallied. Japan, Hong Kong, and South Kor...
Overview: It is only a US holiday today, but the global capital markets are subdued. In the Asia-Pacific region, equities traded lower with China and Hong Kong, the main advancers. The MSCI Asia Pacific Index has fallen in only two weeks since the end of last November, and that was during th...
The USD/CHF currency pair, which expresses the value of the U.S. dollar in terms of the Swiss franc, dipped significantly into the beginning of the year. Yet more recently, the pair has recovered to a similar level at which the 2020 trading year began for USD/CHF. As I warned about in respec...
The dollar's performance last week is best understood as the fulcrum of the seesaw. The major currencies that are perceived to be levered or growth and/or risk rose. These are the dollar-bloc and the Scandis. The Swedish krona sold off before the weekend, perhaps as the market anticipates a ...
Overview: The capital markets are heading into the weekend, still trying to look past the coronavirus despite the new cases in Hubei. Tokyo was a notable exception in the Asia Pacific region, as the other major equity markets, like in Hong Kong, China, Taiwan, South Korea, and Australia, adv...
Overview: There is one overriding driver today, and that is the incorporation of CAT scan diagnoses of the virus in Hubei, ground-zero. This follows the arrival of WHO officials into China a couple days ago. Not only have the cases jumped, but so did the number of deaths. It plays on fears t...