Currency Analysis & Comment

It is the last week of August, and during this time of the year the markets are normally very quiet. Most people are off enjoying the final bits of summer and spending time with their families...

For the greenback, Friday’s U.S. retail sales and University of Michigan consumer sentiment index are the most important economic reports on this week’s calendar. Investors have been...

Currencies and equities traded higher on the back of better-than-expected economic data and reports from Russia that it has won the global vaccine race. While Russia announced the world’s...

This new trading week kicked off with fresh gains for equities but a rally in stocks failed to translate into strength for currencies. The Dow Jones Industrial Average moved higher for the...

Tomorrow is a big day for currencies, equities and Treasuries. It's Congress’ self-imposed deadline for a stimulus package and the scheduled release of nonfarm payrolls. Based on the...

The U.S. dollar traded lower against all of the major currencies Wednesday, a sign that FX traders are worried about Friday’s nonfarm payrolls report. With ADP reporting significantly...

After falling sharply in the month of July, the U.S. dollar kicked off the new month with a nice broad-based rally. The greenback traded higher against all of the major currencies despite mixed...

July was a very difficult month for the U.S. dollar. The greenback sold off sharply against all of the major currencies, hitting multi-month or multi-year lows in the process. In one month, it...

For the past week, investors have been selling U.S. dollars and, unfortunately, today at the July Federal Reserve monetary policy announcement, Jerome Powell’s team failed to shift the...

Today, we saw the Federal Reserve “front-run” Wednesday’s FOMC announcement by extending its $2-trillion+ lending programs another three months to the end of the year. According...

This will be a challenging week for the U.S. dollar. On Friday, I outlined three reasons why the U.S. dollar should continue to fall. And as markets reopened Monday, investors did not hesitate to...

It has been a rough week for the U.S. dollar. The greenback traded lower against all of the major currencies, falling to multi-month and, in some cases, multi-year lows in the process. USD/JPY,...

The euro is single-handedly the best performing currency right now. It has gone from 1.12 to 1.16 over the past month and today’s rally marks nine out of 10 days of gains for...

Uncertainty about what happens to the U.S. economy after the extra $600 unemployment benefit expires drove investors out of U.S. dollars. The greenback traded lower against all of the major...