Category: Currencies

In the U.S., the aftermath of the debt ceiling increase, formally postponed to November, continues, as macroeconomic data displays an enduringly robust economy, with September payrolls doubling expectations. The dollar remains sturdy, further bolstered by the new conflict in Israel. Meanwhile, the euro faces sales pressures largely due to bleak growth prospects, with certain countries…

In the U.S., the specter of a shutdown re-emerges amidst central banks’ staunch determination to curb inflationary pressures. The bond market takes a sharp downturn, equity markets retreat, while the dollar stands strong, asserting its position as the primary safe haven. Over in Europe, the euro’s faltering strength might present challenges for the ECB in…

In the United States, monetary policy will remain restrictive for a prolonged period, and the Fed foresees rate cuts only towards the end of 2024. This is good news for the dollar but bad news for bonds and the euro. Upcoming data will provide a clearer direction for a central bank that appeared more aggressive…

In the United States, we may have already seen the inflation low point for 2023, as the last two months have shown an uptick that could presage another round of increases driven by rising energy costs and wage pressures. Meanwhile, the European Central Bank raises interest rates but adopts a dovish tone that weakens the…