The US dollar advance was stopped in its tracks by the
disappointingly weak Q2 GDP figures. The 1.2% annualized growth rate was
roughly half of the pace expected. The FOMC statement earlier in the week did not leave the impression that a September hike was likely, and with the poor growth numbers, the odds were downgraded
further.
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Tag Archive: FX Weekly Review
FX Weekly Review, July 18 – July 22: Will the FOMC Halt the Dollar’s Advance?
The US dollar gained against all the major currencies over the past week. It also rose against many emerging market currencies. A notable exception was the Chinese yuan.
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FX Weekly Review, July 11 – July 15: It is not About the Dollar, but About Other Currencies
Our weekly review of currency movements, with focus on the Swiss franc. This week: The US dollar is easily the most traded currency, and despite the plethora of other currencies, it is on one side of nearly 90% of all trades. Yet the movement in the foreign exchange market presently is not so much driven by the dollar as it is by other currencies.
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FX Weekly Review, July 04 – July 08: Further SNB Interventions, Good Dollar Week
In the Brexit month, the Swiss franc index clearly underperformed the dollar index. The major reason is that the dollar is seen as a better safe-haven than the Swiss Franc, possibly because Swiss sales are affected more when British demand falls.
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FX Weekly Review: June 27 – July 01: Swiss Franc Strength Reversed
Week after Brexit.: The Swiss franc (-0.3%) and the yen (-0.5%) were the worst performers, as so-called safe haven buying was reversed.
But the Swiss Franc index is still stronger in the last month than the dollar index.
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