Archive for: February, 2019

Post date: 27/02/2019 14:30 The Pound was the star among major currencies last week, rising against every G10 peer and consolidating solidly above the 1.30 level against the Dollar. The catalyst was the resignation of several MPs from the Tory and Labour parties, bringing closer the prospect of an explicit Parliament vote against a no-deal…

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Post date: 18/02/2019 08:00 Weaker US economic data, in particular a shockingly negative retail sales print, failed to make any dent in risk sentiment, as stocks ended the week mostly up. In this environment, the dollar performed well, as some of the best-performing emerging market currencies fell sharply. Trump’s declaration of a doubtful state of…

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Post date: 11/02/2019 09:00 The dollar rallied sharply last week against every other G10 currency, followed closely by the Japanese Yen and Swiss Franc. Currencies particularly leveraged to the economic cycle like the Swedish Krona and the Australian and New Zealand dollar performed particularly poorly. The absence of good news from the US-China trade negotiations…

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Post date: 05/02/2019 08:00 The Federal Reserve surprised markets at its January meeting with a statement that was considerably more dovish than expected and appeared to put a high hurdle for any further interest rate hikes in 2019. Risk assets reacted as one may expect, rallying across the board while the dollar sold off hard.…

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