When we last looked at the FX market, the dollar had been on an impressive run to its highs for the year. However, as vacation season began, the shine quickly faded for the US currency. US rates topped out above […]
US Dollar Continues to Rise
After a very choppy week, the US currency emerged as a refuge of strength across a wide range of currencies. The long end of the interest rates market settled down slightly and commodities fell from their recent highs. Volatility has […]
USD is King (but not in Canada)
US 10 year yield resumed its rampage higher this week. The USD was generally stronger as well, but the Canadian dollar bucked that trend. The result was a mixed bag for the US Dollar Index. There are plenty of releases […]
FX Market Commentary
Non-farm payrolls delivered some fireworks on Friday. Coming in at a whopping 379k vs expectations of 180k. Perhaps more interesting, private payrolls performed even better which clearly points to the recovery in the private sector getting back on track. The […]
FX Market Update
The week behind We saw a lot of activity across all markets last week. US Yields shot higher, leading others to follow suit. Ultimately, the US Dollar was the main beneficiary across the board. The Fed remained quiet on the […]
Global Yields Heating Up
Today we start with the fairly dramatic rally in long term bond yields across the globe. In recent weeks, we had focused on US rates, and the impact higher US10 year yield had on the dollar. The rest of the […]
A very quiet few weeks for FX markets. All the attention shifted to Gamestop and when that excitement faded, markets calmed. Currency markets may look stable, but that may not last. There has been a subtle shift in the […]
Say Strong Dollar
Janet Yellen, President-elect Biden’s nominee for Treasury Secretary, appeared before the Senate Finance Committee today for a confirmation hearing. The most awaited topic was her take on the new administration’s approach to US dollar policy. Going back to the 1990’s, […]
FX Market Commentary 12/28/2020
Weekly FX Commentary A very eventful, quiet week. We sure had a lot of news for such a slow period. Brexit deal was finally agreed, with less fanfare than expected. This was probably due to the irrelevance of the deal […]
2020: A Mercifully Quick Look Back
Before attempting to outline a 2021 view, it makes a lot of sense to first take a look back at 2020 to see where we are. It is also important to analyze the drivers that got us here. You may […]