Turkish retail sales and industrial production

Dollar Hit an Air Pocket Right after Powell Testimony on Tuesday but Fairly Steady Overnight

January 13, 2022

The dollar didn’t handle Chairman Powell’s reconfirmation hearing or yesterday’s CPI release very well and is currently trading below Tuesday highs by 1.9% against the Australian and New Zealand dollars as well as versus the Turkish lira. There are also losses over this period of 1.6% against the Canadian dollar, 1.4% relative to the Swiss […] More

Quiet Start to an Important Week

December 13, 2021

The dollar firmed o.2% overnight against the euro, Swiss franc and on a weighted basis as measured by the DXY index. The U.S. currency advanced more sharply versus the Canadian, Australian and New Zealand dollars — respectively 0.5%, 0.6% and 0.4% — but has not moved on net relative to Japan’s yen. Equity markets rose […] More