FX – Top 10+ Events to Watch this Week
By Kathy Lien, Buckle your seatbelts and brace for some big moves in the markets this week. Everything from equities, currencies to Treasuries and crypto have been itching for breakouts. With five major central bank rate decisions, US retail sales, PMIs from Europe, job reports from the U.K. and Australia along with major…
FX – Trading Cautiously Ahead of US CPI
By Kathy Lien The U.S. dollar traded higher against all of the major currencies on Thursday with the exception of the Japanese Yen. The Federal Reserve meets next week and faster removal of policy accommodation is widely anticipated. Today’s jobless claims report confirms that the labor market is blazing hot. The number of…
Dollar stays soft with Omicron and Fed top of mind
By Alun John HONG KONG (Reuters) – This week’s rally in risk-friendly assets and currencies like the Australian dollar petered out on Thursday, but the U.S. dollar struggled to regain its lost ground as investors waited for a key Federal Reserve policy meeting due next week. The Aussie dollar was steady at $0.7171…
AUD Bounces Off 0.70 Ahead of RBA Outlook
By Kathy Lien The U.S. dollar rallied on Monday against some but not all of the major currencies. Our readers should not find the rally in USD/JPY or decline in EUR/USD surprising because we talked about how a soft jobs report changes nothing for U.S. policymakers on Friday who are laser focused on…
Antipodeans battle to stem Omicron slide; cryptos lick weekend wounds
By Tom Westbrook SYDNEY (Reuters) – Riskier currencies fought for a foothold on Monday against a dollar, buoyed by uncertainty around the Omicron variant and the expectation of more hot U.S. inflation data putting upward pressure on interest rates. Cryptocurrencies nursed big losses from a wild weekend that at one stage crushed bitcoin…
Dollar – Unfazed by Omicron, Looks Ahead to Good NFP
By Kathy Lien, Health experts around the world are worried about Omicron but investors are not – at least, that’s what the 2% rally in stocks and rebound in the U.S. dollar suggests. Everyone knew that the first cases of Omicron in the U.S. was only a matter of time and having lived…
Aussie, rand flounder as Omicron spooks investors
By Kevin Buckland (Reuters) – The safe-haven yen hovered near a seven-week high on Thursday while the rand and riskier currencies languished as the Omicron coronavirus variant established itself as the dominant strain in South Africa and continued to spread globally. Early indications suggesting Omicron may be markedly more contagious than previous variants…
Dollar Rumbles on Powell vs. Omicron News
By Kathy Lien, Currencies and equities sold off sharply today after Federal Reserve Chairman Powell said, “it is time to retire the word transitory regarding inflation.” Investors bid up the U.S. dollar but having sold off before Powell’s announcement, the greenback was unable to turn positive against all of the major currencies. Today’s…
Currencies stabilise as worst Omicron fears recede
By Kevin Buckland (Reuters) – The dollar hovered on Tuesday above the one-week low against major peers it hit last week, as fears eased that the new Omicron coronavirus variant would derail the U.S. recovery and delay Federal Reserve interest rate hikes. The safe-haven yen stabilised some half a percent off its strongest…
Currencies recover from Omicron chaos but analysts warn more volatility ahead
By Kevin Buckland OTTAWA (Reuters) – Currency markets calmed on Monday in Asia after the initial shock of the discovery of the Omicron coronavirus variant sent investors scurrying for cover last week, but analysts warned of more volatility with little still known about the new strain. The risk-sensitive Australian dollar rose 0.37% to…
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