
The US dollar rose across the board versus major pairs on Thursday. Global growth concerns rose as central banks keep the dovish rhetoric on hand and recession indicators are making investors seek safe havens.
US GDP for the fourth quarter of 2018 was lower than expected at 2.2 percent. The U.S. Federal Reserve has taken off the table, via dot-plot, the possibility of a rate hike this year, but now probabilities of a rate cut are rising. The Fed was net dove at the end of the FOMC meeting with the only hawkish comments to praise the solid US economy. The data is not backing up that optimism which could mean a return to stimulus via lower rates.
Mar 29, 2019
5 min

The US dollar is mixed across the board against major pairs on Friday.
The greenback was left reeling after the U.S. Federal Reserve kept rates unchanged and did not anticipate a rate hike in 2019 on Wednesday.
The dollar's quick rebound on Thursday was based on two factors: interest rate differentials and
growing concerns about UK and European growth.
Despite the dovish statement form the Fed, US growth marches ahead of the pack and continues to be a driver of dollar strength.
Brexit uncertainty is fuelling a rise in safe haven demand
as investors try to assess the damage a potential no-deal exit could have
not only the UK and EU economies but the global implications.
Mar 23, 2019
4 min

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Mar 5, 2019
3 min

The US dollar is mixed against major pairs on Monday.
The positive news on the US-China trade front
unlocked risk appetite but US President Trump’s tweet about OPEC and oil prices put downward pressure on the Canadian dollar.
Stocks were boosted by trade deal hopes, while commodities were hit by Trump’s second tweetstorm as it once again targeted OPEC for keeping prices higher.
Oil dropped more than 3 percent with investors looking ahead at Fed Chair Powell’s testimony on Tuesday.
The Canadian dollar fell 0.41 percent pulled down by oil prices that depreciated after President Trump’s tweet.
Feb 26, 2019
3 min

The US dollar is higher across the board across major pairs as US disappointing data triggered anxiety that lead to a drop in stock markets. As positions were liquidated there was demand for the greenback. US durable goods came in under the forecast but the a more forward looking indicator the Philly Fed manufacturing Index fell to a negative reading highlighting worsening conditions.
The US central bank has already stressed patience after holding rates unchanged and pausing its balance sheet normalization program. Mixed data has validated their view on the economy, the stock market took the negative indicators as a signal that darkening clouds are more prevalent in the horizon and sought refuge in the US dollar.
US-China trade talks remain on track, but with little details on what the next moves are as the March 1 deadline approaches, the market paid more attention to the lower than expected US data on Thursday.
Feb 22, 2019
4 min

The US dollar was mixed against major pairs on Tuesday.
US and Chinese officials kicked off a new round of talks to avoid increasing tariffs on March 1.
Despite hopeful comments from both sides there has been little of substance that markets can digest as trade representative Robert Lightizer and Treasury Secretary Mnuchin will visit Beijing this week.
Feb 13, 2019
3 min

The US dollar is higher against most major pairs on Tuesday.
The AUD and NZD are the outliers appreciating against the greenback but remaining majors trade in various shades of red.
The market awaits the second State of the Union address from US President Donald Trump.
The longest government shutdown precedes his speech amping the contentious atmosphere in Washington.
The shutdown was cancelled but it’s a temporary fix, as Democrats and Republicans stand far apart on major issues like the border wall.
Given Trump's hard to predict antics the market could be in for a treat, one that includes a seldom seen side of the US President.
Conciliatory Trump could be on the menu, but unlikely as he has preferred antagonizing his opponents, then again that tactic was not successful with the newly emboldened Democrats so it’s not time to rule anything out.
Feb 6, 2019
4 min

The US dollar is mixed against mayor pairs on Monday. The safe havens are trending higher with the yen and Swiss franc gaining, joining the club is the euro as investors look to reduce their US dollar exposures as US political uncertainty rises.
The U.S. Federal Reserve is not expected to modify its monetary policy at the end of the 2-day FOMC meeting, but the press conference with Chair Powell will be tracked closely for any insights after several members have openly discussed pausing the path of rising interest rate hikes.
The Fed signalled on Friday that it could slow down the balance sheet reduction program put in place to keep tightening monetary policy adding to the factors putting pressure on the US dollar.
The currency has been sold after President Trump reached a deal to reopen the Federal government. Washington will continue to operate amidst political uncertainty with the discussed agreement only valid until February 15 when a new shutdown could occur if Democrats and the GOP don’t reach a deal on the border wall.
Jan 29, 2019
6 min

The US dollar is mixed against major pairs on Tuesday. The Martin Luther King holiday in the States did not slow down the dollar back from a long weekend. the pound is higher on positive Brexit news or lack of negative ones and the Japanese yen awaits the Bank of Japan statement. Chinese data showed the second largest economy is losing momentum with only a 6.4 percent growth in the fourth quarter.
The Chinese indicators were partly offset by a growing optimism that a resolution to the US-China trade war is in the works along with an upcoming stimulus package in China to boost growth.
The Financial times and CNBC reported earlier that a trade meeting between China and the United States was canceled, but White House Trade Adviser Kudlow declared that there was no plan to meet.
The next meeting will be at the end of January when the China Vice Premier visits the US.
Jan 23, 2019
3 min

The US dollar is mixed against major pairs on Monday. The greenback is down against the Japanese yen, the Swiss franc and the British pound, but is appreciating against the euro, Canadian, New Zealand and Australian dollars. Data released out China shows a slowdown in trade which has impacted global growth expectations to the downside. Despite the positive headlines out of Beijing and Washington about progress in their trade talks, there has been little got show. The tariff spat was fast and furious as both sides retaliated, but reaching an agreement has not been as speedy. Brexit will be the main focus on Tuesday as the UK parliament is set to vote, with success almost ruled out, but as an event that will be measured on how close Prime Minister May can get to a deal to see if there is hope for more attempts and something to use as leverage with the European Union to seek a time extension.
Jan 15, 2019
4 min
