Markets Await Central Banks and Key Data
There are two themes today. First, there has been a modest bout of profit-taking on Chinese stocks (and yuan) after last week’s surge. Second, ahead of the five G10 central bank...
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There are two themes today. First, there has been a modest bout of profit-taking on Chinese stocks (and yuan) after last week’s surge. Second, ahead of the five G10 central bank...
The sharp sell-off of US stocks yesterday has sapped the risk appetite today. Equities are being sold. Hong Kong and the index of mainland shares listed there led the regional...
This year has been tough for Asian currencies – hit by surging energy prices, the strong dollar, and in some cases central banks being a little slow to react. Their course in...
The dust is settling on central bank week, with the Bank of Japan leaving policy rates and its 10-year JGB yield target of 0.0% unchanged. It has announced it will scale back its...
US dollar in calm waters As previously stated, other asset classes, ex-equities, remain far more cautious following the FOMC dot-plot-gate and Bullard in a China shop inflation...
Surge in risk sentiment sends US dollar reeling The US dollar wilted overnight before the onslaught of bullish risk sentiment that swept Wall Street after Friday’s Non-Farm...
After some significant moves on Tuesday, currency markets had a more consolidative look about them overnight, although the US dollar continued grinding higher. The dollar index...
The dollar index pushed higher again overnight, rising 0.37% to 92.31. Rising US yields, structurally short positioning and a myopic fixation on growth-driven inflation continue to...
The US dollar strengthened markedly overnight as US bond yields firmed after Mr Powell disappointed the doves. The dollar index rose through its 100-DMA on its way to a 0.75% gain...
Currency markets are drifting in Asia. The US dollar gave back some of its recent gains overnight, with the dollar index retreating 0.28% to 90.78. It is barely changed in Asia,...