Free Registration Required

Currency Thoughts has attracted a wide variety of regular readers as well as casual visitors.

In order to provide more focused service we are now requiring registration for this feature.

Many professionals involved in FX trading as well as economists in academia rely on this feature to begin their day. It is a comprehensive summary and examination of what data are out, what that data mean, what important market moving statements have been made, and what other important events might impact the day.

This summary, compiled by an analyst with the experience and perspective to prioritize and organize, supports an informed and articulate approach to each new day's FX activities.

A registration process will enhance our ability to identify our readers and focus on their interests and concerns.

Registration is free, fast and private. Review our privacy policy here.

Click here to register.

Registered users, please click here to log in.

New Overnight Developments Abroad – Daily Update

Stronger Dollar on Jobs Day Amid Bursting Asset Bubbles

February 2, 2018

Overnight dollar gains have been led by 1.2% increases against the yen and Australian dollar, a 1.1% appreciation relative to the kiwi, and a 1.0% advance vis-a-vis the peso. The dollar also strengthened 0.8% versus the loonie and sterling, 0.6% against the Swiss franc and 0.5% relative to the euro. There was only a 0.1% […] More

Evidence of Intensifying Price Pressure Around the World

February 1, 2018

The dominant theme of manufacturing PMIs for January was a further significant pickup in cost pressure related to a variety of factors such as more elevated oil prices, faster growth in demand than capacity, and the falling value of the dollar. U.S. unit labor costs jumped 2.0% between the third and fourth quarters of last […] More

Between the State of the Union and Yellen’s Final FOMC Meeting

January 31, 2018

Reaction to President Trump’s first State of the Union address last night has been typically partisan.¬†For good or bad, citizens have already solidified their impressions of him for however much longer he is their president. The next big event will be the FOMC’s released statement at 14:00 EST (19:00 GMT). No press conference follows, and […] More

Yesterday’s Dollar Rebound Already Petering Out

January 30, 2018

The dollar‘s advance on Monday was trimmed by overnight losses of 0.5% against the Swiss franc, 0.3% relative to the euro and yen, 0.2% vis-a-vis the New Zealand and Australian dollars, and 0.1% versus the loonie and sterling. Investors want to see exactly what President Trump presents in tonight’s state of the union address and […] More

10-Year U.S. Treasury and German Bund Yields Each Five Basis Points Higher

January 29, 2018

The 10-year Treasury yield exceeds 2.70% for the first time since mid-April 2014. The German 10-year bund yield matched the rise of its U.S. counterpart and has already climbed 25 basis points since end-2017 to 0.67%. Ten-year British gilt and Japanese JGB yields edged a basis point higher overnight as well. President Trump made a […] More

Mr. Trump Goes to Davos

January 26, 2018

While at the World Economic Forum, President Trump in interview said some unexpected things, like he seeks a stronger, not weaker dollar, and expects the currency to strengthen eventually. Rarer yet, he seemed to apologize for tweets that may have ruffled U.S. relations with Great Britain. And finally, trade is fine, so long as it’s […] More

Dollar Extends January Losses

January 25, 2018

The dollar declined overnight by 0.5% versus the yuan, 0.4% relative to the Swiss franc and sterling, and 0.2% against the euro, yen, and peso. President Trump arrived in Europe to attend the Davos World Economic Forum. His threat of protectionism is now transitioning into actual action. The Governing Council of the European Central Bank […] More

International Tensions Over Trade Deepen

January 24, 2018

Former U.S. Secretary of Treasurer Robert Rubin famously said in 1995 that a “strong dollar is in the best interest of the United States” because it promotes price stability, lowers interest rates, and attracts productive foreign capital. That thinking went on to characterize U.S. policy for more than 20 years until the election of President […] More

Trump Grabs Spotlight… Japan Also in the News

January 23, 2018

President Trump is on a roll. Having secured a tax cut with benefits skewed to the rich and then trapping congressional democrats in a political snake pit over immigration, he’s turned his sight on the biggest campaign promise of all: so-called fair trade. A 30% tariff on U.S. imports of foreign-made solar equipment threatens to […] More

The Contrast of a Continuing U.S. Political Impasse and an Important Success in Germany

January 22, 2018

The U.S. government shutdown since midnight Friday entered its third day. A senate vote planned initially for late Sunday was moved back to noon today. The rift is primarily over immigration law but with deepening rifts over class, race, ancestral identity, gender, and between generations. In Germany at a special convention of the Social Democratic […] More

css.php