Tag Archives: USD
Daily FX Wrap and Strategy
The NZD has rocketed higher on the back of broad-based USD weakness. Its appeal as a carry-trade target currency has it sitting atop the G10 currency leaderboard against the USD. It is up 0.9% to 0.8750, a fresh 2.5-year high.
USD Mid-day Analysis
Clearly the trade is unimpressed with the anticipated growth view in the US. Surprisingly the US growthrate is stronger than Europe and Japan but yet those currencies have been gaining on
The Global Macro Pulse
AUDUSD popped up to 0.9310 following the RBA statement from about 0.9288, but has since fallen back just below 0.93.
If US LT Yields Break Lower, Will the Dollar Follow?
The persistent bid in U.S. Treasuries has been the subject of debate for many weeks, especially in the FX universe, where up to now, the low yield effect on the dollar has been limited.
USD Mid-day Analysis
The Dollar bulls have to be concerned as better than expected US Non-Farm payrolls ultimately failedto support the Dollar. While some economists pointed to trouble in the participation rate,
FX: speak week
Friday’s payrolls does not change USD short term outlook, but need a blessing from Yellen this week. Will ECB attack EUR on Thursday? Less important data, more talk this week.
Daily FX Wrap and Strategy
The NZD/USD was the strongest performing majorcurrency on Friday, which is a bizarre result after a strongUS jobs report.To be fair, the NZD was on the rise leading into US nonfarmpayrolls,
The Week Ahead in FX
In the week ahead, market participants will be focusing on Thursday’s ECB monetary policy announcement. Rate reviews by BoE and the Reserve Bank of Australia will also be closely watched.
Weekly Economic & Financial Commentary
U.S. Review Farewell to Winter Weather Woes · Nonfarm payrolls bid adieu to the sluggish pace of employment growth during the winter months.
Weekly CFTC Trader Positioning Data
A quiet week for sentiment, given that Tuesday’s position datefails to incorporate much of the event risk that followed. The pullback in all of the long positions underscores this anticipation.
US: surge in payrolls – but still food for thought for both sides of the FOMC
In one line: Solid, but still food for thought for both sides of the FOMC. Hawks will fret over the payroll strength and the plunge in labour force participation while doves will point to the weak wage inflation.
Solid Rise in Employment Signals Better Growth Ahead
Employment rose 288,000 in April with gains broad-based across the private sector. The unemployment rateplummeted to 6.3 percent, but came amid another drop in the labor force. Hourly wages were flat.