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January 18th, 2017

Have We Seen the Bottom in the Dollar? Daily FX Market Roundup 01.18.17 The U.S. dollar traded sharply higher against all of the major currencies today as the fundamentals we have been highlighting returned as drivers for the currency. On Tuesday when the greenback tanked for the seventh day in a row versus the Japanese Yen we said hawkish Fed speak and stronger data meant that further losses were limited. Today, a series of healthy U.S. economic reports followed by a positive Beige book carved out a bottom for the U.S. dollar. The currency’s rebound was then magnified by optimistic comments from Janet Yellen. U.S. rates also shot higher with 10 year yields rising nearly 10bp, validating the reversal in mark...

January 18th, 2017 - Market Drivers January 18, 2017 Cable starts to unwind UK Labor data beats Nikkei 0.43% Dax 0.17% Oil $52/bbl Gold $1212/oz. Europe and Asia: GBP UK Claimant Count -10.1 vs. 5.0 GBP Average Weekly Wages 2.7% vs. 2.6% EUR EU CPI 0.5% vs. 0.5% North America: USD CPI 8:30 USD MP/IP 9:1...

January 18th, 2017 - Have We Seen the Bottom in the Dollar? Daily FX Market Roundup 01.18.17 The U.S. dollar traded sharply higher against all of the major currencies today as the fundamentals we have been highlighting returned as drivers for the currency. On Tuesday when the greenback tanked for the seventh day ...

January 13th, 2017 - Will Dollar Stabilize Ahead of Trump Inauguration? Daily FX Market Roundup 01.13.17 The first two weeks of the year has been marked by profit taking in the U.S. dollar, U.S. stocks and short Treasury trades. Investors unwound their Trump trades after enjoying strong gains at the end of 2016...

December 24th, 2015 - British Pound and the Defining Issues for 2016 By Kathy Lien, Managing Director for BK Asset Management 2016 will be a defining year for the British pound – a year when politics will overshadow economics. Considering that sterling ended the year near 7 month lows against the U.S. dollar, so...

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