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forex market

Dollar extends rebound as US yields climb
Markets

Dollar extends rebound as US yields climb

  • US President-elect Joe Biden, who takes office on Jan. 20 with Democrats able to control both houses of Congress.
  • US government bond yields have logged big moves in recent sessions, with the Treasury yield curve experiencing a significant increase in yields in longer-dated bonds.
Published 11 Jan, 2021 08:57pm
Euro falls to three-week lows as US yields climb
Markets

Euro falls to three-week lows as US yields climb

  • President-elect Joe Biden, who takes office on Jan. 20 with Democrats able to control both houses of Congress, has promised "trillions" in extra pandemic-relief spending.
  • As a result, the euro fell 0.5% to $1.2155, its lowest since Dec. 21, down nearly 2% from a high of $1.2349 last week.
Published 11 Jan, 2021 05:35pm
Pound climbs against weaker euro, gains seen as temporary
Markets

Pound climbs against weaker euro, gains seen as temporary

  • Markets are pricing sub-zero rates from Britain's central bank as early as May 2021.
  • Euro-sterling remains above the 0.90 (pence) level as the build-up of rate cut expectations (following the third lockdown) offsets the positive effect of the UK-EU trade deal
Published 08 Jan, 2021 09:34pm
Bitcoin on record-setting spree, jumps 5pc on day
Markets

Bitcoin on record-setting spree, jumps 5pc on day

  • The world's most popular digital currency slid to as low as $36,618.36 on Bitstamp exchange before bouncing back. Rival cryptocurrency ethereum rose 3% after sinking more than 10%.
  • We are seeing a continued demand spike driven largely by sustained and unprecedented institutional interest.
Published 08 Jan, 2021 07:21pm
Dollar holds above 2018 lows ahead of US jobs report
Markets

Dollar holds above 2018 lows ahead of US jobs report

  • The greenback bounced off a nearly three-year low on Thursday as a rise in US yields triggered some unwinding of bearish bets on the currency.
  • I think once this euphoria dies down, the dollar is likely to resume its downtrend trend, because I don't think the Fed will be so eager to taper.
Published 08 Jan, 2021 06:48pm
Brazil's real leads Latam FX losses on virus fears
Markets

Brazil's real leads Latam FX losses on virus fears

  • The real sank 1.2% after dropping nearly 2% on Monday. The country posted a negative trade balance in December.
  • The country is among the worst hit by the coronavirus and is racing to ramp up inoculations.
Published 05 Jan, 2021 08:54pm
UK govt debt pool with sub-zero yields jumps in December
Markets

UK govt debt pool with sub-zero yields jumps in December

  • Almost 1.25 trillion pounds ($1.71 trillion) of gilts, or just over 48% of a total market worth roughly 2.6 trillion pounds.
  • The market value of negative-yielding euro zone government bonds on the Tradeweb platform stood at around 6.66 trillion euros as of end-December.
Published 04 Jan, 2021 05:34pm