Week Ahead: Stable Unemployment + Firm CPI = USD Recovery? north Last week, the US dollar fell to new lows for the year against half the G10 currencies, including sterling, the Norwegian krone, and Canadian, Australian, and New Zealand dollars. A key question is whether it is a breakout and a signal that ana acceleration of the dollar's decline is at hand. [...]
Euro Trades Quietly Ahead of the ECB's Rate Cut north Overview: The dollar is mostly softer today in narrow trading ranges, though it is firmer against the yen and Swiss franc. The weakness of US data (ADP, ISM services, and anecdotal Beige Book) lifted the market confidence of at least two Fed cuts this year. Most emerging market currencies are [...]
Canada will be left behind in the global crypto race north While other countries move toward integrating crypto into their financial systems, Canada is lagging, costing the country capital, talent and competitiveness. Canada’s direction on digital asset innovation remains uncertain.
Squawk Box Clip: Another 5% Down in the Dollar Index This Year north I had a privilege of joining Becky Quick on CNBC's Squawk Box to talk about the dollar. I suggested there may be scope for the Dollar Index to fall another 5% over the remainder of the year. I am not so focused on the dollar losing its reserve currency status but cyclical developments. The Fed [...]
Hump Day Consolidation in Forex north Overview: The dollar was better bid yesterday in North America after the better-than-expected JOLTS report, but it has come back offered today. Still, the general tone is one of consolidation. The greenback is a little softer against the most G10 currencies and all but a handful of emerging [...]