Economic textbooks are built on elegant, linear relationships. Lower interest rates reduce the appeal of a currency; higher rates strengthen it. Rate cuts encourage capital to move toward risk assets, lifting equities and easing pressure...
Gold is glowing again. After months of quiet, both gold and silver are showing firm signs of revival — a response to a world that seems increasingly unsure of its own economic direction. Beneath this...
The US dollar (USD) has been the world’s main reserve currency for over 50 years, controlling international trade, commodity prices, and foreign exchange reserves. It provides stability, worldwide liquidity, and confidence in global finance. However,...
The dollar jumped yesterday on the back of rising rates as if despite the two dovish dissents by governors, yesterday’s FOMC meeting was a hawkish hold. It seemed to us that Fed Chair Powell referred...
With a US-Japanese deal in hand, and the prospects of an extended tariff truce between the US and China, many perceive some tail risks associated with the US foreign economic policy have diminished. This has...
The dollar’s latest leg down began with the President Trump’s heightened attacks on the Federal Reserve’s conduct of US monetary policy on June 23. That move may be over. Perhaps helped by stronger than expected...
The US dollar has steadied today after yesterday’s shellacking that saw it fall to new multiyear lows against the euro and sterling and 10-year lows against the Swiss franc. The news stream is somewhat more...
There has been little follow-through dollar buying today after its recovery in North America yesterday. The us dollar is softer against most of the G10 currencies. The Antipodeans are lagging alongside the Norwegian krone, perhaps...
After the tariff scare on Monday, which saw the US dollar surge, it has pulled back in the last couple of day. But it has returned bid today in what looks like position-squaring ahead of...
The dollar continues to ride high. It is up 0.20%-0.50% today against the G10 currencies. Most pairs have extended last week’s moves. The Dollar Index, which was near 100 in late September is approaching 106.00....
A nervous calm hangs over the markets as the US goes to the polls. The proximity of the presidential contest warns that the results may not been known as soon as people hope. Indeed, many...
The US dollar is mostly softer ahead of the September CPI. The euro and Canadian dollar have recorded new lows for the move. The greenback extended its gains against the yen to JPY149.55 but has...
