Lael Brainard
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
Investors Eyeing Three Threats
October 22, 2020
The uncertain U.S. election outcome now just twelve days away continues to have markets on tenterhooks. The final Trump-Biden debate is tonight at 21:00 EDT. U.S. Justice Department officials have found evidence of attempted cyber interference in the result by Iran and Russia. Worsening Covid-19 trends are a second source of investor anxiety. More than […] More
Equities Still Well Bid for the Most Part
September 2, 2020
Fed Governor Brainard’s call for more fiscal and monetary stimulus encouraged the risk appetite of investors overnight especially in European trading. Ten-year German bund and British gilt yields fell by 3 basis points each, and stock markets have risen by 2.3% in France and Germany, 2.2% in Italy, 1.7% in Switzerland, and 1.6% in Great […] More
