USD: Trump dials back trade barbs

On Friday, President Trump again voiced his desire to cool the brewing trade war with China. The US dollar and Wall Street both rallied in the aftermath, despite signs of stress in American markets and the prospect of another week of government shutdown. EUR/USD: the...


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EUR: Lecornu survives… for now

Reinstated Prime Minister Sebastian Lecornu survived two votes of no confidence in French parliament last week. Concessions over pensions were enough to garner sufficient support from opposition groups, but in a worry for the euro, the political situation in France...


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GBP: Gilt rally a good omen

Both ten and 30-year gilt (UK government debt) yields fell back drastically last week as the chancellor struck a tougher tone on taxes and spending. While still high, those adjustments should give the government a bit more breathing room by lowering borrowing costs....


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Credit and loan jitters evoke memories of 2008

Currency markets ended last week on edge as concerns over lending standards and bad loans within US regional banks rippled through the financial world. Leveraged credits (typically companies with bonds deemed “junk” by the three major rating agencies) tumbled after...


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USD: Data shutdown leaves FOMC in the dark

The dollar was down again yesterday, with its weekly losses now at around 1% against the stronger European currencies – CHF, SEK and the euro. There’s a distinct lack of data coming out of the USA right now, due to the government shutdown. This is unfortunate for the...


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