Dollar Turbocharged by Economic Data; At Long-Term High Versus Euro, Franc and Krona
A turbocharged US dollar is likely to be “stronger for longer” after reaching long-term highs against a host of major currencies, including the euro, Swiss franc and Swedish krona.
Dollar Strikes 16-Month High; Euro FX Down in the Dumps; Mexican Peso Falls Sharply
Developments outside the US allowed for the dollar to appreciate against a basket of currencies to a sixteen-month high on Wednesday. The ICE-maintained US dollar Index, which provides a weighted-mean measure of the greenback’s value against the euro, British pound, Swiss franc, Canadian dollar, Japanese yen and Swedish krona, traded above 97.0 for the second […]
Focus Turns to Europe Ahead of Big Brexit Meeting; Stay Long Euros; Krona Revived
All eyes on Wednesday will be on the meeting between EU leaders and British Prime Minister Theresa May in Brussels, at which some still hope a Brexit deal might be struck. Expect volatility in sterling and euro rates throughout the evening. Meanwhile, the Swedish krona continues to outperform in Europe on expectations for tighter Riksbank policy.
Australian Dollar Has Best Week in 9 Months; Sterling Has a Shocker
A gain last week of 1.9 percent marked the Australian dollar’s best weekly performance versus the US dollar since December. The Aussie rebound continued with a touch of the $0.73 handle on Friday. Australia’s currency had been worth less than $0.71 just 10 days earlier. It settled for the week at $0.7285. Further to gains […]
Swedish Krona On Course for Fourth Day of Gains
The Swedish krona is on course for a fourth consecutive day of gains as investors continue to respond with positivity to this week’s revised inflation forecasts.
Dollar Soars and Euro Tanks as Central Banks Plot Different Paths
The euro plunged on Thursday and the US dollar had one of its best days in recent memory after two of the world’s most important central banks announced decisions on monetary policy. EUR/USD, now at 1.156, shed 2 percent, marking its biggest one-day decline since the summer of 2016. Offering contrasting messages were the US […]
Trump Slaps Tariffs on Allies but Calm Prevails Ahead of US Jobs Data
The big news for investors on Thursday was Washington’s confirmation that steel and aluminium products reaching the US from Europe, Canada and Mexico – all important allies – would be subject to trade tariffs. Foreign leaders raged against the decision and announced plans for immediate retaliation. On Tuesday, Washington had already announced tariffs on $50 […]
EUR/SEK at 8-Year High as Krona Struggles with Dovish Riksbank, Trade War
Scandinavia’s most important exchange rate, EUR/SEK, continues to make new ground for this decade. The rate climbed last week to its highest since 2009, at 10.35, reflecting a grim outlook for the Swedish krona – one in which it wrestles with a dovish central bank and the threat of an international trade war. The krona, […]