Archive for: July, 2020

Post date: 27/07/2020 12:19 The main theme in currency markets continues to be general US dollar weakness. The greenback dropped against all of its major peers last week. The move was notable because it took place in the absence of typical dollar-bearish trends elsewhere. Risk assets generally fell, and interest rate differentials between the US…

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Post date: 20/07/2020 11:47 Last week had little in the way of new critical information on either the world economy, fiscal or monetary policy, or pandemic data. It is perhaps significant that the euro rallied in this environment, as it may indicate that the path of least resistance for the common currency is up. Not…

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Post date: 13/07/2020 09:35 Risk assets worldwide had a mixed performance last week. However, it seems that the worsening pandemic indicators in the US are starting to take their toll on the greenback. With new cases hitting records almost daily, and deaths starting to tick upwards, the dollar fell against every other G10 currency save…

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Post date: 06/07/2020 11:52 Risk assets worldwide continue to trade without a clear directional pattern, as stocks, credit and oil bounce around current levels. Economic news on most major currency areas continues to surprise to the upside. The latest burst of good news came from the US June employment report. Offsetting this optimism is the…

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