Archive for: June, 2019

Post date: 24/06/2019 10:01 The June meeting of the Federal Reserve was just as dovish as the market had been expecting. The Fed made clear that cuts are coming, the only question being how many and how fast. The current environment could hardly be more dollar bearish. The political consensus in the US is for…

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Post date: 17/06/2019 11:29 Not surprisingly, the Mexican peso was the big winner last week, after Trump declared that some vague commitments to cooperation in the US-Mexico border were sufficient for the threatened tariffs to be postponed. The dollar also did well, as markets were relieved that the rhetoric and threats on world trade may…

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Post date: 10/06/2019 11:29 Fears over escalating trade tension, disappointing economic data from the US and non-committal communications from Fed Chair Powell gave the market free rein to price in increasingly aggressive rate cuts from the Federal Reserve over the next few quarters. Not surprisingly, the dollar experienced its worst week in months, falling more…

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Post date: 03/06/2019 10:35 The strong Chinese respond to Trump’s threats over the weekend has ratcheted up the tension in financial markets. Stocks worldwide are selling off as safe assets like Government bond yields drop to new lows. Currency markets continue to trade relatively calmly in comparison to most other assets, though the Mexican peso…

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