The Federal Reserve Bank raised rates last week by the forecast 75 bps. More importantly, it was the chairman’s words that fueled the U.S. dollar, again! Powell said that another 125 bps this year is on the cards. They will...

The dollar begins the week slightly stronger than where it was 7 days ago. Now, that doesn’t mean the week had no volatility. Most currencies rallied early in the week and then the U.S. CPI printed higher than most...

It wasn’t just the ECB, rates went up aggressively across the world last week. US Treasury yields broke out to fresh cycle highs, but this time the move failed to support the US dollar. As this is written, European...

What Happened A return to economic anxiety worldwide has boosted the buck by 2.5% in August. Mexican Peso was an exception rising by over 1.0%, marking its first advance in three months. The Euro faced a dramatic drop that sank it to...

The employment situation in the U.S. produced another positive report showcasing 315,000 non-farm jobs which was better than expected. While the rate ticked up to 3.7%, the market view was positive. The Fed has indicated that raising interest rates would slow...

The dollar surged late last week on what was a surprisingly blunt speech by the Fed chair, Jerome Powell. The much-anticipated Jackson Hole Economic Forum, and specifically the speech delivered by Powell, clearly spells out the plan for continued rate...

Yields on U.S. Treasuries rallied, supporting the dollar, and pushing it back near the highs from a month ago. Oil prices have stabilized near $90.00/bbl. Fed fund futures are priced at a 55% chance of a 0.5% rate hike by the...

Month over month CPI in July registered 0%, while YOY was below forecast at 8.5%. The USD fell as the Fed fund futures moved to a 50/50 chance of a 50-bps rate hike, versus 75bps. The cool-down in inflation was felt at the...

Another week of a bouncing and falling USD leaves the market close to where it began the previous week. The 10-year yield bounced around last week as well where the low print of 2.67% was driven by the recession talk. Further...

What Happened USD managed to escape July with a 0.2% uptick per the Bloomberg Dollar Spot Index. Commodity-based and Emerging-Market currencies recovered with heightened volatility. Norwegian Krone (NOK) and Chilean Peso (CLP) were the best performers for representing major suppliers of...