Currency Analysis & Comment

The U.S. dollar traded sharply lower ahead of Wednesday’s first-quarter GDP report and Federal Reserve monetary policy announcement. Consumer confidence also fell to its weakest level in four...

This is a big week for the U.S. dollar and euro. There are monetary policy meetings by Federal Reserve and the European Central Bank along with first-quarter GDP numbers scheduled for release. The...

For most of the major currencies, and USD/JPY in particular, consolidation was the primary theme this week. The trading range for USD/JPY was less than 80 pips and, on most days, less than 50....

U.S. dollar bulls relinquished control of the market today. With the exception of the euro and the Swiss Franc, the greenback traded lower against all of the major currencies. More than 4.4...

Dow futures are down 500 points this morning and the sell-off is accompanied by fresh gains for the U.S. dollar. The greenback kicks off the New York session stronger against all of the major...

The new trading week kicked off with an aggressive sell-off in crude and renewed gains for the U.S. dollar. The primary focus today was the Canadian dollar, which sold off aggressively on the...

Wednesday’s U.S. economic reports were terrible. Retail sales fell 8.7%, the largest one-month decline ever. The Empire state manufacturing survey also hit a record low of -78.2, but,...

Investors sold U.S. dollars on Tuesday ahead of two very important economic releases – retail sales and the Beige Book. The overriding view is that nothing good will come out of these...

Equities and currencies traded higher today after Dr. Anthony Fauci, director of U.S. National Institute of Allergy and Infectious Diseases, said there could be a COVID-19 turnaround next...

Early signs of COVID-19 curve flattening in Europe and the U.S. kicked off with a relief rally in currencies and equities this morning. USD/JPY jumped above 109 as AUD/USD and NZD/USD rose nearly 2%....

It has been another good week for the U.S. dollar. The greenback traded higher against all of the major currencies on Friday despite abysmal non-farm payroll numbers. According to the latest...

The U.S. economy is in trouble and nothing shows that more than today’s jobless claims report. More than 6.6 million people filed for unemployment benefits last week, doubling expectations....

If the first day of April is a taste of what’s to come, it will be a very rocky second quarter. After falling more than 24% between January and March, the Dow Jones Industrial Average opened...

The global crisis over the coronavirus pandemic has provoked significant demand for the U.S. dollar as investors worldwide massively unwound risk positions in favor of safe havens — chiefly...