The record dollar run

27 February, 2015

We highlighted yesterday the fall in volatility that had been seen over the past week, but also mentioned that month end brings with it risk of more erratic trading. Some of that was evident yesterday in the wake of the latest price data from the US, which showed headline inflation falling into negative territory. Still, the dollar managed a decent recovery, especially against sterling and the euro, largely on the firmer than expected increase in core prices. Sterling itself failed to push above the 1.55 level on a sustained basis, with the details of Q4 GDP data still showing a fairly unbalanced economy, supported by a net trade improvement which will could well struggle to be sustained as EURGBP moves ever lower.

Yesterday’s move means that the dollar index (DXY) is now in positive territory for the month and could mean that we see the dollar gain for an eighth consecutive month on this measure. The data today is going to be secondary to month end flows, with just Q4 PCE data in the US, together with Pending Home Sales, Chicago PMIs and Michigan sentiment.


Source link  
USD Bounces From Month Low

Trump administration has presented its 2018 budget plan to Congress last evening. The budget plan calls to slash $3.6 trillion...

Dollar index hit a new low

The dollar index hit a new post presidential election low of 96.95 on Friday May 19th. EUR/USD hit a high of 1.1211...

USD Hit Post Election Low

To date the dollar index has almost given up all of the post presidential election rally...


BoE Expected to Keep Rates Steady

ECB Governor Draghi will make a speech in the Dutch Parliament at 12:00 BST today. It will be Draghi first speech...

Trump's Tax Reform Plan

US Treasury Secretary Mnuchin announced Trump’s tax reform plan in a press conference...

Corporate Earnings Lift US Stocks

Last week the US President Trump stated on twitter...


Market Concerns Eased

The first-round voting of the French presidential election was revealed on Sunday night...

Dollar Plunged on Trump Second Statement

The dollar index fell to a 2-week low of 99.91 in the early hours...

Markets Eye on the First Trump-Xi Meeting

US President Trump and Chinese president Xi Jinping, are scheduled to meet today at Trump’s Mar-a-Lago resort in Florida...

  


Share: