Currency Analysis & Comment

The mood is shifting in the financial markets. With eight days until the U.S. Presidential election, investors are finally growing nervous. The Dow Jones Industrial Average fell more than...

On Thursday we outlined three main factors that could affect how currencies trade: the U.S. election, stimulus talk and economic data. As it turns out, data was the leading driver of currency...

In terms of economic data, Friday is the most important day this week. Markit Economics will be releasing PMI numbers for Australia, the Eurozone, UK and the U.S. These are important reports because...

With 13 days until the U.S. presidential election, it is no surprise to see investors selling U.S. dollars. President Donald Trump and Democratic presidential nominee Joe Biden are locked in a tight...

The U.S. dollar traded lower against most of the major currencies on Monday as the new stimulus deadline looms. Over the weekend, House Speaker Nancy Pelosi gave the White House a 48-hour deadline....

The U.S. dollar traded higher against most of the major currencies on Friday thanks to better than expected economic data. Consumer spending rose 1.9% last month, more than two times the...

There's escalating bad blood between Australia and China—which began after the coronavirus outbreak in Wuhan, the capital of China's Hubei provence, started its global spread—as an ongoing...

The euro finally broke down on Tuesday as it experienced its strongest one-day slide in three weeks against the U.S. dollar. We have been calling for a sell-off for days now as the rise in new...

With three weeks left ahead of the US election in November, analysts at Goldman Sachs, UBS Asset Management, and Invesco are all forecasting a lower US dollar. The reason? Rising favorability polling...

The euro is overdue for a correction. For the past two weeks, it quietly traded higher before consolidating within a narrow range versus the U.S. dollar. Throughout this time, there’s...

The best way to describe how the equity and currency markets have been trading this month is erratic. This may not be unusual for October, which is historically the most volatile month for...

Late Tuesday, U.S. President Donald Trump pulled the plug on stimulus talks, sending currencies and equities sharply lower. He instructed his staff to stop negotiating until after the election,...

For U.S. assets, including the dollar, data shouldn’t be a big market-mover this coming week. Aside from Monday’s service sector ISM report, which ticked higher, the only scheduled U.S....

In our last note, we talked about all of the reasons why this October could be a spooky one for the markets. This morning’s curveball is an example of the surprises that could be in store this...