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Francesco Pesole

  • Analysis & Comment

Francesco Pesole's Comment & Analysis
A complete archive of Francesco Pesole's articles, including current analysis & comment - Page 5

The greenback has not held on to post-trade-deal gains for long, and while a soft CPI was the trigger for the correction, we think yesterday’s moves signal a clear preference for strategic short-USD...
Markets are anxiously awaiting today’s update from Secretary Bessent on the content of initial US-China trade talks over the weekend. We think the market baseline is for tariffs to be cut to 60%, and...
Markets have welcomed the first US trade deal since Liberation Day, although the British-American agreement is hardly a game-changer for either of the two countries. The US dollar is benefiting from...
The massive rally in the Taiwanese dollar over the past two sessions is raising concerns of US Dollar-rich Asian countries being the catalyst for the next broader USD decline. That may be premature,...
We expect today’s US payrolls to be at 110k, below the 138k consensus but, in our view, not low enough to trigger concerns about employment by either investors or the Fed. The dollar’s recovery trend...
Consensus has shifted to -0.1% QoQ annualised for today's 1Q US GDP print following a wider than expected trade deficit for March. Details of the report, especially on consumer spending, will be...
Scott Bessent and President Trump have delivered two consecutive days of positive headlines for US assets and the US dollar – from de-escalations with China, to a less aggressive stance on the Fed,...
The US dollar is enjoying some support thanks to a recovery in US market sentiment. At the moment, no other G10 currency has a higher beta than the dollar to US trade news, and Treasury Secretary...
The US dollar is facing renewed pressure on Fed independence fears, which threaten one of the foundations of the dollar’s value as a reserve currency. Downside risks have increased for USD, even...
A hawkish Powell failed to lift the US dollar yesterday, as the currency market remains heavily focused on risk asset relative performance. EUR/USD remains in a prime position to benefit from the...