There was plenty of activity across every market today. We saw a massive sell off in the crypto world. We saw the USD rally on Fed minutes. And we saw another dip in equities. Any one of these alone would […]
A slow grind down for the USD generally. The move seems to match a similar drift down in US 10 yr yield, but correlation is not necessarily causation.
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 […]
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 […]
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, […]