South African GDP
Dollar Beginning Autumn FX Trading Season on a Rising Note
September 4, 2018
With trade war fears still on the front burner, the dollar’s first post-Labor Day movement has been mostly upward especially against emerging market currencies. The dollar has climbed 2.1% against the South African rand, buoyed by confirmation of South Africa’s first recession since 2009. The greenback is also up 1.1% against the Mexican peso, 0.7% […] More
Sterling Strengthens… Emerging Market Currencies Slide
June 5, 2018
Sterling advanced 0.4% overnight against the dollar, buoyed by better-than-forecast British service sector and composite purchasing manager indices in May that rose to 3-month highs of 54.0 and 54.3, respectively. The dollar also edged down 0.1% against versus the yuan and yen but climbed 0.4% and 0.3% relative to the Australian and Canadian dollars and […] More
Flight to Safety
June 6, 2017
Investment safety is taking precedent over investment return this morning. Sovereign debt yields are considerably lower, including drops of five basis points in 10-year Treasury futures and British gilts. The 10-year German bund yields is down 3 bps, and its Japanese counterpart has dipped a basis point. The yen climbed 1% against the dollar to […] More
