The SEK is the best performing G10 currency in the month to date, Rabobank’s FX analyst Jane Foley notes. EUR/SEK hits a fresh 1 year low and bounces back “At the end of last week EUR/SEK hit a fresh 1 year low and has since been bumping along close to the 11.12/11.14 support area. A … Read more
EUR/USD faces pressure above 1.0500 as the US Dollar gains amid a strong recovery in US bond yields. Republicans-controlled House of Representatives passed a $4.5 trillion tax cut plan on Tuesday. Investors await the preliminary German HICP for February and the US PCE inflation data for January, scheduled for Friday. EUR/USD continues to face selling pressure above … Read more
Yesterday was yet another ugly session for US stocks. The increasingly heavier weight of Trump talk, deteriorating relationships across the globe combined with higher inflation expectations on tariffs, the uptick in inflation and weakening expectations from US consumers are certainly to blame for the selloff in equities – that boost appetite in bonds, considered to … Read more
COMEX Copper futures surged after President Trump ordered an investigation into Copper imports on national security concerns, paving the way for tariffs down the road, ING’s commodity analysts Warren Patterson and Ewa Manthey notes. COMEX Copper futures up more than 3% “The US imports roughly 45% of its Copper needs. As such, it’s not a … Read more
Australian Dollar (AUD) is expected to trade in a 0.6325/0.6365 range vs US Dollar (USD). In the longer run, upward momentum has largely faded; AUD is likely to consolidate between 0.6280 and 0.6410 for now, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Upward momentum has largely faded 24-HOUR VIEW: “Yesterday, we … Read more
Here is what you need to know on Wednesday, February 26: The US Dollar (USD) holds its ground against its rivals early Wednesday as markets adopt a cautious stance. The US economic calendar will feature New Home Sales data for January. Later in the American session, Atlanta Federal Reserve President Raphael Bostic and Richmond Federal Reserve … Read more