Foreign Exchange Solutions

September 30th Morning Update

The US$ is lower, oil is up, equity markets are up while US yields are down. Democrats and Republicans have reached an agreement on a stopgap bill to keep the government funded through early December, vote on Thursday to avert a shutdown. US$ taking a breather after recent strong move. GDP and joble...
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September 29th Morning Update

The US$ is higher, oil is down, equity markets are up while US yields are lower. The US$ reached at 2021 high. US Senate blocked for a second day a bid from Democrats to head off credit default which Yellen told congress could occur by October 18th. While market watchers await US pending home sales ...
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September 28th Morning Update

The US$ & oil is up, equity markets are down while US yields are up. US 10-year bond pushed through 1.5% sending the US$ higher. Fed Kaplan & Rosengren resigned after trading scandal exposed. Powell admitted to holding some Muni-bonds during the Fed buy back program but said they were purcha...
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September 27th Morning Update

The US$ is higher, oil is up, equity markets mixed and US yields higher. The strengthening of the US$ came on the back of Powell’s hawkish message while market participants anticipate a rate hike in 2022. Debt ceiling continues to cast a shadow and could negatively affect the US$. While the Evergr...
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September 24th Morning Update

The US$ is lower, oil is flat, equity markets are down while US yields are flat. Dollar hovers above one-week low as Evergrande questions persist. The battered Chinese real estate company has missed a US dollar bond interest payment deadline. While it has a 30-day grace period it a stark contrast to...
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September 23rd Morning Update

The US$ is lower, oil is flat, equity markets and US yields are up. Yesterday’s Fed meeting shed some light as to taper timing. Powell said that a scale back of asset purchases could begin in November and be completed by mid-2022. Half of Fed policy makers (9 of18) project a rate increase in 2022....
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Wednesday September 22nd, 2021

The US$ is lower, oil is up, equity markets are up while US yields are flat. China’s central bank injected $14 billion into the banking system to support the country’s financial markets. Evergrande said it would pay the bond interest due on Thursday. Talk of the Chinese government taking...
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Tuesday September 21st, 2021

The US$ is lower, oil is up, equity markets and US yields are up. While default fears continued to stalk China’s Evergrande Group, the markets are looking for possible intervention by Beijing. U.S. stock futures are higher in Europe as investors shake off the Evergrande news and are focusing o...
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Monday September 20th, 2021

The US$ rises, oil is down, equity markets are weaker while US yields are lower. The dollar rallied to a 1-month high as market focus on both China’s real estate developer Evergrande’s (world second largest) potential failure to meet interest payments and Fed’s interest rate decision/press con...
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Friday September 17th, 2021

The US$ and oil dips, while equity markets and US yields are higher. Yesterday’s US retail sales figure showed an unexpected increase reviving expectation for an early tapering. The US$ index is down slightly but near three-week high of 92.965. The Michigan Consumer Sentiment Index will be release...
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