Deeper Analysis
November 2020 in Figures
November 30, 2020
November was a momentous month both within financial markets and surrounding news. in the price of gold was only slight. Donald Trump became only the sixth incumbent president since 1900 to lose his bid for reelection. More rare, his political party picked up seats in the U.S. House of Representatives and stands a decent chance […] More
Foreign Exchange Insights and Next Week
Dollar Outlook Quite Confused
November 30, 2020
In a year of enormous social and economic stress, net dollar movements since the end of 2019 have been extraordinarily muted. Many economies recorded contractions in the second quarter followed by record positive growth in the third quarter. Close to 1-1/4 million people globally have died from Covid-19, and the disease that first surfaced a […] More
New Overnight Developments Abroad - Daily Update
End of November Brings Many Data Reports and Stock Market Pause
November 30, 2020
Dollar losses overnight amounted to 0.4% against sterling, 0.3% versus the loonie, and 0.2% relative to the euro and kiwi. The greenback also rose 0.2% against the Australian dollar and 0.1% vis-a-vis the yen and peso. There’s been no net change against the yuan or Swissy. Some profit-taking took place in stock market trading overnight […] More
Foreign Exchange Insights and Next Week
Next Week’s Menu: November 28 – December 4, 2020
November 27, 2020
Central Banks: Monetary policies to be reviewed in Australia, India, Poland and Israel. Powell and Williams of the Federal Reserve, Tenreyro of the Bank of England, and Lowe of the Reserve Bank of Australia speak publicly. The Fed Beige Book will be published. Special Events: Meetings of OPEC and EcoFin. Continuing U.K./EU trade negotiations. Purchasing […] More
New Overnight Developments Abroad - Daily Update
Narrowly Mixed Dollar… Economic Sentiment in Euro Area at 4-Month Low
November 27, 2020
The United States on Thankgiving 2020 reported slightly more than a 100,000 new Covid-19 cases and suffered over 1150 deaths from that disease. Extensive traveling for the holiday is feared likely to fan the pandemic further next month. The dollar overnight edged up 0.2% against sterling and 0.1% versus the yen and Swissy but slid […] More
Central Bank Watch
Swedish Riksbank
November 26, 2020
The Swedish Riksbank’s repo rate has been at 0% or negative since February 2015. It’s last change, a 25-basis point hike to zero percent, was done in December 2019. A statement after the just-completed latest policy review by the central bank’s Executive Board expands the size of the asset purchase program from SEK 500 billion […] More
Central Bank Watch
ECB Account Identifies Near-Term Outlook Deterioration
November 26, 2020
Minutes from the October 28-29 meeting of the European Central Bank‘s Governing Council warn of a “clear deterioration in the near-term outlook” following the strong third-quarter rebound. Known as the ECB Account, the document cites euro appreciation as well as week demand and lower wage pressures as factors behind very subdued inflation. The second Covid […] More
New Overnight Developments Abroad - Daily Update
Dollar Up Marginally, Stock Markets Mixed, and Americans Observe Thanksgiving Day
November 26, 2020
The U.S. Thanksgiving holiday is depriving financial markets of some degree of leadership. The dollar overnight drifted up 0.1-0.2% against the euro, loonie, yen, kiwi, Swiss franc and Australian dollar. The U.S. currency rose a bit more against the peso (0.4%) and sterling (0.3%). Stock markets in Asia closed up 1.4% in Indonesia, 1.0% in […] More
New Overnight Developments Abroad - Daily Update
America Releasing a Lot of Data and Bracing for Holiday Impact on Pandemic
November 25, 2020
Trading was comparatively quiet overnight. The dollar recorded gains of 0.4% against the New Zealand and Australian currencies and also rose 0.2% relative to the loonie and sterling. The euro is down 0.1% on net but not before touching a 12-week high of $1.1929. The dollar is flat against the yen and had slipped 0.2% […] More
New Overnight Developments Abroad - Daily Update
Investor Mood Lifted by Vaccine Hopes and U.S. Transition Go-Ahead
November 24, 2020
The U.S. dollar is grinding lower but slowly and in an orderly fashion. The currency dropped 0.8% and 0.7%, respectively, overnight against the New Zealand and Australian dollars overnight but by only 0.2% relative to the euro and loonie, and it held steady versus the yen and sterling. Favorable vaccine news has created a sense […] More
