The US Dollar did a good job extending its run into Wednesday, with the Buck feeling better about scaled back US protectionist rhetoric and a more upbeat Fed Chair. Softer inflation data out of the UK and Eurozone added fuel to the Dollar's run, with the Pound taking the biggest hit, dropping to yet another yearly low. read report
Next 24 hours: Everything and the Kitchen Sink
The market is having a hard time getting off the US Dollar and we come into Wednesday with the Buck leading the charge. As we look at the day ahead, key standouts come in the form of UK and Eurozone CPI data, US housing starts and building permits, another round of Powell testimony and the Fed Beige Book. read report
Next 24 hours: Powell Invites Another Round of Dollar Demand
There hasn't been any let up on the protectionist rhetoric front and it shouldn't come as much of a surprise with the US administration committed to a strategy that necessitates the promotion of a softer Dollar. Key standouts on Tuesday come in the form of UK jobs and Fed Powell testimony. read report
Next 24 hours: Can’t Get Away from the Protectionism
The US Dollar finished this past week up across the board against the developed currencies, though Friday's sell-off in the Buck certainly should not go unnoticed and could be warning of more downside pressure in the US Dollar ahead. US retail sales are due later in the day. read report
Friday's calendar is quite thin and certainly doesn't feature any meaningful first tier data releases. This will leave the focus on the bigger picture macro drivers, with global trade updates and Brexit headlines to get a lot of the attention. read report
Next 24 hours: Soft CPI Sends US Dollar Lower
The market comes into Thursday feeling better about the US Dollar. The Bucks's recovery comes off of the unique combination of flight to safety bids in the aftermath of this latest round of US tariffs on China, and on yield differential bids after US producer prices came in above forecast. read report
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