USD: Dollar sees biggest one-day drop since 2022 The DXY dollar index (heavily weighted to Europe and Japan) yesterday saw its largest one-day drop since November 2022. In the end, US equity benchmarks (S&P 500 -4.9%) sold off more than those in Europe (Eurostoxx -3.6%). In the US, the dismantling...
https://www.hellenicshippingnews.com/fx-daily-when-the-dollar-is-no-longer-a-safe-haven/
South African assets remained under pressure on Thursday after being hit by a double-whammy of U.S. President Donald Trump’s announcement of new and higher tariffs and a contentious budget vote that has threatened the ruling coalition’s future. The risk-sensitive rand traded at 18.76 against the...
PIMCO has turned a “little bit more cautious” on the dollar in recent months and was a touch underweight the U.S. currency across portfolios, the bond giant’s group chief investment officer Daniel Ivascyn said on Wednesday. The dollar index has shed nearly 4% DXY so far this year on growing...
USD: Blowback to US growth prospects dominates The trade-weighted DXY has broken to a new low for the year as investors continue to fear what these new reciprocal tariffs mean for US confidence and activity. This uncertainty has been a key factor driving US equities lower this year and prompting...
The U.S. dollar fell against major currencies such as the euro, yen and sterling on Wednesday, as traders awaited details of U.S. President Donald Trump’s plans for tariffs, which could upend the global trading system and shake financial markets. The euro last bought at $1.0825, up 0.3% against the...
https://www.hellenicshippingnews.com/dollar-steady-as-zero-hour-on-trumps-liberation-day-closes-in/
South Africa’s rand was stable on Wednesday, as investors awaited U.S. President Donald Trump’s reciprocal tariff plans, which they fear will cause an economic slowdown in the world’s biggest economy. At 1321 GMT, the rand traded at 18.2750 against the U.S. dollar , near its Tuesday closing level...
https://www.hellenicshippingnews.com/south-african-rand-stable-as-markets-eye-trumps-tariff-plans/
USD: Data obstacles this week The dollar found some support last week after a very weak start to March. The Federal Reserve’s reiterated cautiousness on rate cuts has likely prevented further bearish sentiment from accumulating on the dollar, but we think it’s mostly the upcoming 2 April US tariff...
https://www.hellenicshippingnews.com/fx-daily-another-week-of-a-data-tariff-dichotomy/
The dollar edged up against the euro on Tuesday as Germany’s parliament approved plans for a massive spending surge on Tuesday and as the Federal Reserve kicked off its March policy meeting that could offer clues to the path of U.S. interest rates. The euro was 0.2% lower at $1.0915, after hitting...
https://www.hellenicshippingnews.com/dollar-up-vs-euro-after-german-vote-on-spending-surge/
Sterling gained against a broadly weaker dollar on Monday, as traders’ attention turns back towards Britain and the pound ahead of this week’s Bank of England meeting and next week’s update on the country’s public finances. The pound gained 0.27% to $1.2973 , just shy of last week’s four-month...
USD/CNY strengthened over the past month, trading in a range of 7.22-7.31. The People’s Bank of China continues to aid currency stability via the counter-cyclical factor in its daily fixing. Some choppiness within this band: another surprise 10% tariff hike on 4 March sent the CNY weaker but it...
https://www.hellenicshippingnews.com/asia-fx-talking-renminbi-set-to-come-under-more-pressure/