USD: Still downside risks US equities and bonds had a good Monday, but considering the width of Trump’s announced exemptions from China’s tariffs, the move is well short of exceptional. Markets retain a substantial risk premium attached to US assets, including the dollar. That ranges between 2% and...
https://www.hellenicshippingnews.com/fx-daily-eur-usd-can-return-to-1-15/
The dollar appears set to embark on a multi-year correction against a wide range of currencies, even in the absence of a trade war, as the dollar’s lofty Wall Street valuation runs up against Main Street reality. After the announcement of broad-based tariffs on President Donald Trump’s “Liberation...
USD: The new high-beta in town A mad week for markets is ending with heavy losses for the dollar. The FX scorecard is speaking volumes; in G10, only the illiquid Norwegian krone is flat against the dollar since last Friday. Gains stretch from the “modest” 0.8% of the pound, to 2-3% of the euro,...
https://www.hellenicshippingnews.com/fx-daily-dollar-crisis-can-extend/
The U.S. dollar fell against its major peers on Thursday, hitting a 10-year low against the safe-haven Swiss franc, as markets digested President Donald Trump’s dramatic reversal on tariffs. Trump stunned financial markets on Wednesday by walking back steep duties on trading partners that had gone...
China’s yuan hit its lowest against the dollar on Thursday since the global financial crisis, with the central bank cutting guidance for the sixth successive trading session amid an intensifying Sino-U.S. trade war. Beijing has imposed steep tariffs on U.S. imports in response to similar U.S....
USD: Damage has been done The clean take-away from the pause in the worst of the tariffs was a re-assessment of global trade prospects on the view that perhaps tariffs were more transactional after all, and US equity losses are indeed proving a brake on the President’s desires to rewire the global...
https://www.hellenicshippingnews.com/fx-daily-dollar-slow-to-reclaim-losses/
Currency markets have struggled all year to decide whether Washington’s trade war is good or bad for the U.S dollar. Beijing may make up their minds for them. Whatever President Donald Trump plans next in his worldwide ‘reciprocal’ tariff attack, the extreme targeting of Chinese imports and China’s...
https://www.hellenicshippingnews.com/yuan-may-be-cat-among-fx-pigeons/
The Canadian dollar strengthened against its U.S. counterpart on Wednesday as investors weighed signs of an exodus from American financial assets amid a widening global trade war and despite further losses for oil, one of Canada’s major exports. The loonie was trading 0.7% higher at 1.4160 per U.S....
https://www.hellenicshippingnews.com/canadian-dollar-strengthens-as-investors-ditch-us-currency/
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...