Optimism About PSI Boosts Risk Appetite; Brazil Cuts 75 BPS
The dollar is weaker against most major and EM currencies with Greece still the major focus. The euro broke above 1.32 against the dollar in the European morning as it becomes evident that the Greek...
View ArticleDollar Broadly Stronger as ISDA Decision and NFP Looms
BBH CurrencyView The dollar is firmer against major and EM currencies. The euro failed to hold above the 100-day MA around 1.3261 as the initial excitement from the PSI success faded, unable to break...
View ArticleThe Dollar Remains Firm on Stronger US Outlook
BBH CurrencyView The US dollar is broadly higher, continuing yesterday’s rally that intensified after the FOMC meeting. In the euro zone,there were no new developments but the euro made a marginal new...
View ArticleDollar Rally Stalls as US Yields Back Up
BBH CurrencyView The US dollar is mixed after the broad dollar rally is losing steam into the North American open. The euro is currently flat after rallying from overnight lows of 1.300 following the...
View ArticleThursday’s stronger US data has not translated into dollar gains
BBH CurrencyView The dollar is trading modestly firmer against the majors in very narrow ranges, gaining some traction after the losses seen Thursday. The euro is softer, but despite the strong dollar...
View ArticleDollar Broadly Stronger on Turnaround Tuesday
BBH CurrencyView The dollar is broadly higher today, and reflects a Turnaround Tuesday from the previous two days of dollar weakness. US housing data may prove supportive of the USD, but markets will...
View ArticleEconomic Weakness Boosts Demand for Dollar and Yen; Chinese PMI Down
BBH CurrencyView The US dollar is broadly firmer after weaker-than-expected data reports in China and the euro zone. The euro is erasing earlier gains and breaking below this week’s previous lows...
View ArticleSeveral policy implications from the recent data reports
BBH CurrencyView The US dollar is marginally softer as North American players return to their posts. The better-than-expected official Chinese manufacturing PMI (53.1 from 51.0 in Feb and consensus for...
View ArticleDollar and Yen Advance, SNB Challenged
BBH CurrencyView The US dollar remains broadly firmer as euro zone concerns pressure below the surface. The rise in periphery yields continue to drive the euro lower. Spain’s 10-year yield is up 12 bp...
View ArticleSpain has replaced Greece and Portugal as the chief source of market anxiety
BBH Currency View Rising tensions in Europe continues to be a dominant force in the foreign exchange market, with the euro briefly dipping below the $1.30 level for the first time since mid-February....
View ArticleDollar Broadly Stronger as Greek Deal Lacks Closure
BBH CurrencyView The US dollar is advancing against the majors and most EMs as the “sell the fact” theme prevailed following the approval of the Greek bailout. The euro initially rallied to 1.329 in...
View ArticleYen at lowest level against USD since last July
BBH CurrencyView The US dollar is continues its broad rally as doubts over Greece persist, although currencies continue to trade in relatively tight ranges. Overall, G10 currencies are mostly weaker...
View ArticleDollar weaker as German business confidence defies weak PMI prints
BBH CurrencyView The US dollar is broadly weaker on the day but with most major currencies still trading within a relatively narrow range. The euro rose to an intraday high of 1.3343 following strong...
View ArticleDollar Broadly Softer ahead of the Weekend
BBH CurrencyView The US dollar is broadly lower against most major and emerging markets currencies with the notable exception of the yen. The euro broke above the 100-day MA to trade back to levels not...
View ArticleFive Key Developments Including Vote on Greek Deal 2.0
BBH CurrencyView The US dollar is broadly higher against the major and emerging market currencies to start what promises to be an important week, with several parliaments due to vote on Greek 2.0, the...
View ArticleMarkets Shrug off S&P’s Downgrade of Greece ahead of LTRO
BBH CurrencyView The US dollar is broadly weaker ahead of tomorrow’s 3-year ECB tender (LTRO). The euro has largely shrugged news that S&P cut Greece’s rating to selective default with markets...
View ArticleEuro Gyrates But Doesn’t Break
BBH CurrencyView The US dollar is trading on the back foot against most EMs and the dollar bloc currencies but is firming against some European currencies after the release of the ECB’s second LTRO....
View ArticleEuro below 1.322 as Spain total registered unemployed reaches 4.7 mln
BBH CurrencyView The US dollar is broadly higher paring some of its losses seen yesterday as asset reflation bumps up against fleeting technical momentum and mixed economic data. The euro is currently...
View ArticleDollar Broadly Stronger as Euro Zone Concerns Deepen
BBH CurrencyView The US dollar is posting modest gains against most of the major and emerging market currencies to start what is likely to be among the most important weeks here in the first quarter,...
View ArticleMarkets Stabilizes but Tensions Remain High
BBH CurrencyView The US dollar is flat to lower against most major and EM market currencies. Yesterday’s pessimism over the Greek PSI participation has given way to a nervous holding pattern after more...
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