Roller coaster week for USD, especially against EUR, GBP, and CAD. This is the classic reversal week for those three currencies in particular. When a currency (or other asset) has been trending, there can be an abrupt change in that...

Last week the dollar turned in a mixed bag. Falling against EUR, GBP and CAD but holding steady against MXN and CNY. Commodity prices were steady and equity markets were back near record highs. Bitcoin continued its strong rally and...

The main theme this week, as was the last, is the yield on the 10-year Treasury which climbed to 1.20%. This is the highest the yield has been in 12 months, despite the Federal Reserve continuing to discuss keeping short-term rates low...

After holding steady most of last week, the dollar slipped Friday after a disappointing U.S. jobs report. The headline non-farm number was right on (+49k) but fell short in manufacturing (-10k v. 30k forecast) and private non-farm (6k...

Where to begin this week? Should we talk about the disruptive nature of short sellers in the equity market? How about 40 Executive Orders signed by President Biden? Maybe we will let you read about these on your favorite websites or...

The week was a quiet one where USD recovered slightly in an otherwise uneventful period. U.S. interest rates held steady with the 10-year at 1.086%, which will remain on the radar of both currency and equity markets going forward. Markets...

The Martin Luther King Jr holiday had the U.S. markets closed and, as usual, the currency markets were very dull. USD had a decent week last week holding strong against most currencies and gathering some strength against EUR and...

Last week ended on a sour note. The employment report in the U.S. was disappointing, losing 54K non-farm jobs and the rate ticking up to 6.7%. USD in general did almost nothing last week. The exception was a strengthening of...

This week has an economic calendar that will dominate the market. The early part of the week has German, U.K. and U.S. manufacturing, German retail sales and their unemployment rate (forecast 6.1%). Friday the U.S and Canada report...

Another week of volatility has the USD edging closer to the January 2018 low of 88.16. One of the characteristics of this USD weakness has been the rotation of currencies from week to week.  For example, GBP was the leading currency last...