USD Continues to Consolidate: Tomorrow's Employment Data and Supreme Court Decision Awaited north The US dollar is mixed against the G10 currencies. Yet the broad consolidative tone remains intact. It may be challenged tomorrow with the US employment report and the anticipated Supreme Court decision on the president’s use of emergency powers to levy tariffs. Meanwhile, President Trump [...]
Dollar Consolidates as American Exceptionalism Returns north Drivers: The US dollar is trading narrowly mixed against the G10 currencies. The market has an eye toward the US employment data, which often roils trading, due Friday. Indications suggest that the US Supreme Court may rule on the legality of the broad US tariffs imposed under emergency power [...]
Euro and Sterling Stall north Drivers: A consolidative tone appears to be emerging. The US dollar is mixed, with the dollar-bloc and Norwegian krone firm and the other others nursing small losses. The US jobs data is at the end of the week, and the market continues to digest geopolitical developments. China announced [...]
Markets Show Little Reaction to Venezuela Events north The US capture of Venezuelan leader Maduro and his wife is the key talking point today. The immediate market fallout has been minimal. Oil prices are little changed. The dollar is mostly firmer against the major currencies and most emerging market currencies. The PBOC set the dollar’s [...]