Chris Turner's Comment & Analysis
A complete archive of Chris Turner's articles, including current analysis & comment - Page 8
The US dollar has come back bid this week. Any upside surprise to today’s US November core CPI number would trigger another leg higher in the dollar – as would only a 25bp rate cut from the Bank of...
We should see little action before a busier second half of the week in the US and eurozone. If anything, the dollar should see some support ahead of tomorrow’s inflation numbers. Inflation numbers in...
"Little reason to leave the US dollar now" After a brief sell-off on Friday’s US jobs report, the dollar has returned bid. Helping that trend is geopolitics (Korean markets remain unsettled) and a...
The week culminates in today’s November NFP jobs report. Given expectations of a bounce back after last month’s weather and strike-hit figure of +12k, the market now probably sees less than 200k as a...
If US exceptionalism and the potential for a second Trump administration weren’t enough to hold dollars, geopolitics and events in South Korea yesterday only add to the argument. Expect the market to...
FX markets continue to see a strong dollar even though this week should really be about US data and prospects for Fed easing. The currencies of three of the five BRICS founding members are under...
A much busier week in terms of US data will have a major say in whether the Fed cuts rates by 25bp on 18 December. US data poses some downside risks to the US Dollar, but the continued and expanding...
ING’s Head of Markets, Chris Turner, on the FX market after a turbulent week for several currencies following Donald Trump’s social media posts about tariffs, notably on Mexico and...
The highlight of Wednesday's session will be the release of the US October core PCE deflator, expected at 0.3% MoM. Even though the market has largely moved on from the US inflation story, a sticky...
The currencies of Mexico (USD/MXN), Canada (USD/CAD) and China (USD/CNH) are under pressure on Tuesday morning after President-elect Trump signaled readiness to use tariffs to secure tighter US...