Archive for June 2nd, 2021

Foreign Exchange Insights and Next Week

The Dollar this Summer: Questions and Some Things to Know

June 2, 2021

Movements in the dollar between the U.S. Memorial Day and Labor Day holidays, which define the “summer” trading season, sometimes play differently than at other times of the year. As market participants take vacations, trading desks may lighten, lending an erratic element to the market’s pulse at times, particularly in the face of unexpected events.. […] More

New Overnight Developments Abroad - Daily Update

Good Day for the Dollar and a Bad One for the Turkish Lira

June 2, 2021

The U.S. dollar strengthened 0.4% against its weighted DXY index overnight, advancing by 0.6% relative to the Swiss franc, 0.5% versus the Australian and New Zealand dollars, 0.4% against the euro, and 0.3% vis-a-vis the Japanese yen. Among the major currencies, only the British pound (+0.1%) outperformed the dollar. At the other extreme, the Turkish […] More