Tag Archive: ARS

FX Daily, September 12: Focus on the ECB, while the Dollar Slips below CNY7.09

2019-09-12

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2019-09-12

Overview: Some gestures in the US-China trade spat have given the market the reason to do what it had been doing, and that is taking on more risk. Equities are higher in Asia Pacific and opened in Europe higher before slipping. The MSCI Asia Pacific and the Dow Jones Stoxx 600 are advancing for the fourth consecutive week.

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What Happened Monday

2019-09-03

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2019-09-03

Markets in the US and Canada were closed on Monday for national Labor Day holidays. Here is a succinct summary of key developments that will set the backdrop for Tuesday. On September 1, the new round of tariffs in the US-China fight took effect. The US placed a 15% tariff on around 3000 Chinese goods that thus far had escaped action.

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FX Daily, August 30: US Dollar Finishing August on Firm Note as Euro nears Two-Year Lows

2019-08-30

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2019-08-30

Global equities are advancing at least in part on ideas that trade tensions are easing. China announced it would not take immediate action on the five percentage point increase in levies that the US announced strictly in response to China's retaliatory tariffs. A lull between blows is not the same thing as de-escalation or truce.

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FX Daily, August 29: Johnson Faces Legal Challenges and Conte may be Given an Extension

2019-08-29

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2019-08-29

The capital markets are calm today, though there does seem to be some optimism creeping back into the market. The Chinese yuan strengthened, snapping a ten-day slide and Italian bank shares index has risen by more than 1% for the fourth consecutive session.

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FX Daily, August 28: Optimism about Italy Creeps Back in but Sterling Heads the Opposite Way on Brexit Realities

2019-08-28

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2019-08-28

The capital markets have turned quiet. There have been no more headline bombs about trade, and China set the dollar's reference rate much lower than projected. Asia Pacific equities were mixed. Hong Kong, China, India, and Singapore were on the downside, while Taiwan, Korea, and Australia rose.

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FX Daily, August 27: Realism Fights Back After Hope Dominated Yesterday

2019-08-27

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2019-08-27

Hope triumphed over realism yesterday, and realism is fighting back toward. Asia Pacific markets, however, traded on the echo from the recovery in North America on Monday. The MSCI Asia Pacific recouped part of yesterday's drop, led by Chinese markets. Hong Kong was the main exception.

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FX Daily, August 19: China’s Rate Reform Helps Markets Extend End of Last Week Recovery

2019-08-19

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2019-08-19

Overview: China announced some changes in its interest rate framework that is expected to lead to lower rates.  This helped lift equity markets, which were already recovering at the end of last week from the earlier drubbing.  Chinese and Hong Kong shares led the regional rally with 2-3% gains.  The Nikkei gapped higher for the third time in six sessions, and the first two were followed by lower gaps. 

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FX Daily, August 14: Brief Respite but Little Relief

2018-08-14

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2018-08-14

Corrective pressures grip the capital markets today, helped by the easing of the selling pressure on Turkey, but its more a respite than a relief as no new policy initiatives are behind the lira's upticks. The implication of this is that it is unlikely to last. In fact, the dollar's low in early Europe a just above TRY6.41 after trading a little above TRY7.23 yesterday may be about the most that can reasonably be expected.

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