Currency Analysis & Comment

Currencies and equities traded lower on the back of the biggest quarterly drop in U.S. GDP ever. The U.S. economy contracted 32.9% on an annualized basis in the second quarter. Americans have never...

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...

European Union leaders finally reached a $2-trillion deal to rebuild their economy, sending the euro to a six-month high above 1.15. This historic agreement appeases all parties with a nearly...

This new trading week kicked off with broad-based gains for currencies. Every major currency pair, from EUR/USD to USD/JPY, moved higher as vaccine progress and stimulus talk sparked optimism....

Corporate earnings, new virus cases and vaccine hopes dominated the headlines today. However, that will change tomorrow with a long list of market-moving economic reports on the calendar. In...

Over the past few weeks, the euro has been one of the best performing currencies. It rose to a nearly four-month high versus the U.S. dollar despite weaker-than-expected economic data. Eurozone...

It’s a busy week in the foreign exchange market, and investors are kicking it off with gains for currencies and equities. Even as U.S. states report an alarming number of new cases and the...

Surging U.S. COVID-19 cases finally caught up to the greenback this week. USD/JPY broke support on Friday, with the U.S. dollar trading lower against most of the major currencies. Aside from the...

The U.S. dollar traded higher against most of the major currencies on Tuesday, but a large part of its gains were incurred during the Asian and early European trading sessions. In the New York...

Based on the latest jobs report, the U.S. economy is doing great. Approximately 4.8 million Americans returned to work in the month of June following an increase of nearly 2.7 million in May. The...