Archive for January 7th, 2021

Foreign Exchange Insights and Next Week

Dollar in a Challenging Situation

January 7, 2021

The dollar depreciated much of the time last year, dropping from end-2019 to end-2020 by 9.0% against the Australian dollar, 8.2% versus the euro, 6.2% relative to the Chinese yuan and 5.0% against the Japanese yen. Those losses mask a well-bid first quarter that saw the U.S. currency attain its best trade-weighted value for the […] More

New Overnight Developments Abroad - Daily Update

Dollar and U.S. Equity Futures Up After Wednesday’s Coup in Washington Fails

January 7, 2021

The U.S. Congress shortly before 04:00 today confirmed that the ticket of Biden/Harris won the 2020 election and will take office at noon on January 20th. This ordinarily ceremonial act of power transition was anything but ordinary this time after a mob stormed the Capitol building yesterday to prevent the process. Taking his cue from […] More