Foreign Exchange Insights and Next Week
Interdependence of the Pandemic, the Economy, Dollar, and Gold
August 10, 2020
In this age of uncertainty, one of the most widely believed truths to emerge in 2020 is that future economic performance hinges on the evolution of the pandemic. Countries that contain the virus will be best positioned for sustained economic recovery, and their currencies ought to reflect that advantage. By just about every metric, the […] More
New Overnight Developments Abroad - Daily Update
Week Starts Slowly for the Dollar
August 10, 2020
Net dollar changes since the pre-weekend close have been insignificant against other major currencies. Markets are closed today for holiday in Japan and Singapore. Share prices are mostly firmer. So too are the prices of WTI oil (1.5%) and gold (0.7%). But ten-year sovereign debt yields are down two basis points in Germany and the […] More
