The Australian Dollar is under pressure again after the US Dollar reclaimed the ascendency amid a market rout as China faces domestic heat over continuing Covid-19 related lockdowns.
The US Dollar resumed ascending to start the week after Treasury yields added a few basis points and global growth woes undermined other currencies. Will the DXY index continue higher?
The US Dollar clawed back some ground today as the Fed’s Waller hit the wires over the weekend, reminding markets that inflation is still too high. Where to for the US Dollar?
Euro, EUR/USD, US Dollar, Mid-term, Crude Oil, Gold, RBNZ, Orr – Talking Points
The US Dollar has given up some ground so far today with a slide in Treasury yields and PMI data providing some relief for equity bulls. Will the US Dollar reclaim new highs?
Crude oil is on the back foot as the US Dollar ticked higher today and growth concerns re-emerge on Chinese and Japanese data. Will OPEC+ cuts re-ignite WTI?
Peak US earnings season and the serious hit to FAANG members proved one of this past week’s top fundamental themes. Next week, the volatility looks to continue; but the motivations for that activity are likely to shift dramatically between the FOMC rate decision and key economic measures including NFPs.