Home / Stock Market News / Daily Currencies Ratings

Daily Currencies Ratings

Emerging nations fuel a crisis for their currencies

Several emerging nations are encouraging their currencies to drop, with central banks unusually moving out of step with the Federal Reserve to lower interest rates. Not only is this a marked change in behaviour, interest rates are being lowered when currencies are extremely weak. Cutting interest rates when currencies are so close to record lows seems reckless with those lowering rates having little concern for the currencies that are suffering. To put this into context, the Philippine peso and Indonesian rupiah are very close to the lows achieved in the ...

Read More »

South African rand steady as president promises reforms

South Africa’s rand was steady in early trading on Friday, after President Cyril Ramaphosa said his government would launch a second wave of reforms to try to boost economic growth. At 0752 GMT, the rand traded at 18.4325 against the dollar , not far from its previous close. South African investors are cautiously wrapping up a week which started with U.S. President Donald Trump saying he would cut off funding for South Africa because he said, without citing evidence, that the country was confiscating land. Ramaphosa said on Thursday that ...

Read More »

FX Daily: Payroll revision risk

USD: Annual revisions may be big The dollar’s bearish momentum has eased into today’s US jobs release. Most of the tariff shock from last weekend has been absorbed, and markets are also probably reconsidering the optimism on a US-China deal. Beijing’s retaliatory tariffs are due to come into effect on Monday, and the chances of a de-escalation before then have decreased. Also helping the dollar were some comments by Treasury Secretary Scott Bessent, who said the strong dollar policy remains in place. The biggest driver for FX should be US ...

Read More »

Yen hits 8-week high; sterling drops after Bank of England rate cut

The yen touched an eight-week high versus the dollar on Thursday after a Bank of Japan policy board member advocated continued interest rate hikes, while sterling slid as the Bank of England cut rates. The pound fell 0.8% to $1.24065 after the Bank of England cut interest rates as expected, but forecast higher inflation and weaker growth, with two officials calling for an even larger rate cut. Sterling had touched a one-month high at $1.2437 on Wednesday. Money markets now price in around 67 basis points of further BoE easing ...

Read More »

If Trump gets heavy with Powell, dollar won’t like it

The dollar could be negatively impacted if U.S. President Donald Trump turns up the heat on Jerome Powell through the remainder of his tenure at the Federal Reserve. U.S. Treasury Secretary Scott Bessent told Fox Business Network on Wednesday that, while Trump wanted lower interest rates, he would not ask the Fed to cut. A few days before last week’s Fed rate hold, Trump said “I think I know interest rates much better than they do, and I think I know it certainly much better than the one who’s primarily ...

Read More »

FX Daily: Sterling could hand back recent gains

USD: Dollar bull trend situation report The DXY dollar index is roughly 2% off its recent highs and the question for investors is whether a further 1-2% is required. Driving this correction have been several factors, the largest of which has probably been this week’s tariff news, where it looks like the Trump administration has been using tariffs for transactional not ideological purposes (this may change in the second quarter). Important as well has been the drop in 10-year US Treasury yields below 4.50%. A well-received Quarterly Refunding announcement yesterday ...

Read More »

Watch out investors, it’s the Year of the Snake

Lunar New Year holidays across Asian markets are coming to an end, but investors should be wary, as Deutsche Wealth Management reminds us, the Year of the Snake is not traditionally good for stock markets. Hong Kong’s Hang Seng Index HSI has risen about 2.8% in its first two days of trading after the holiday. But according to data from the index provider, its average performance in the Year of the Snake is a 13.9% decline, the worst of all 12 zodiac signs. Deutsche Bank also reminds us that the ...

Read More »

More crowded US dollar trade ramps up expectations for euro parity: Reuters poll

A crowded strong U.S. dollar trade is set to get more bunched up in coming months, with near one-third of currency strategists polled by Reuters now expecting the euro to fall to parity with the dollar or below versus only one-fifth last month. The greenback (.DXY), has been on a rampage since late September, soaring over 7% against a basket of major currencies and hammering the euro down to almost $1.01 on Feb. 3 – just a whisker away from parity, a milestone last hit in November 2022. Recent data ...

Read More »

FX traders’ horizons “as short as they’ve ever been”

The foreign exchange market, so far at least, has received arguably the biggest jolt from Donald Trump’s second term as president, with currencies from Mexico and Canada to Europe and South Africa all swinging on tweets, tariffs and turnarounds. And with the moves proving so short term – look at the back and forth in the Candian dollar and Mexican peso on the will-he won’t-he Monday tariff fun, it’s hard for traders and strategists to know what to do. One consequence, sys Dominic Bunning, head of G10 FX strategy at ...

Read More »

US jobs report sneaks onto dollar radar

With the eyes of the foreign exchange world focused on tariff news from the White House, the monthly U.S. employment report is receiving less attention than it normally would. That may change when the report is released on Friday at 1330 GMT, especially if January’s non-farm payrolls number comes in much better or worse than expected. The Reuters poll consensus forecast for January’s NFP number is 170,000, to follow December’s 256,000 – which was much higher than predicted. Another NFP beat would be a boost for hawks, including Nomura, who ...

Read More »

FX Daily: Too early to price out a US-China trade war?

USD: Some data to watch amid tariff news The dollar has continued to lose ground since the US border deal with Mexico and Canada was agreed on Monday. The focus is now on China, and a relatively measured response by Beijing to Trump’s tariffs is keeping markets optimistic that some deal can be struck before China’s retaliatory tariffs kick in on 10 January. We note that AUD/USD – a key proxy for China sentiment – has entirely erased its short-term risk premium (i.e. undervaluation). A consensus US-China deal does seem ...

Read More »

South African rand firms after change in Trump’s tariff stance

South Africa’s rand edged higher on Tuesday as markets digested U.S. President Donald Trump’s changing tariff stance. At 1518 GMT, the rand traded at 18.68 against the dollar , about 0.2% stronger than Monday’s close. The dollar last traded about 0.4% weaker against a basket of currencies. Trump on Monday suspended his threat of steep tariffs on Mexico and Canada, agreeing to a 30-day pause in return for concessions on border and crime enforcement with the two neighbouring countries. The U.S. imposed tariffs on Chinese imports on Tuesday and China ...

Read More »

FX Daily: Lessons from a very short trade war

USD: Rethinking FX reaction functions after the trade drama To sum up yesterday’s events, the US struck a deal with Mexico first and Canada and all parties agreed to delay tariffs by at least a month. Trump managed to obtain greater commitment to border security from both countries, although there seemed to be limited discussion on trade. In a matter of hours, markets shifted from scrambling to assess the consequences of Trump’s huge protectionist move to aggressively buying the dips in previously affected currencies. USD/CAD and USD/MXN are both trading ...

Read More »

It’s not usually a good idea to be long EUR/USD in Feb

It is not usually a good idea to go long of EUR/USD in February and this will likely be the case in 2025. EUR/USD seasonal performance since 2000 shows it has fallen in February for 15 of the past 25 years, including the last eight years in a row. However, seasonality patterns should not be considered in isolation, they need to be corroborated with other factors. EUR/USD weakened on Monday to 1.0125 – the lowest since November 2022 – as investors braced for tariffs on Europe from the Trump administration, ...

Read More »

Canadian dollar rebounds from 22-year low on tariff pause hopes

The Canadian dollar clawed back much of its decline against its U.S. counterpart on Monday as investors weighed the possibility of Canada achieving a reprieve from U.S. tariffs, with the currency rebounding from an earlier 22-year low. The loonie was trading 0.5% lower at 1.4590 to the U.S. dollar, or 68.54 U.S. cents, after earlier tumbling to its weakest level since April 2003 at 1.4793. U.S. President Donald Trump has paused new tariffs on Mexico for one month after Mexico agreed to reinforce its northern border with 10,000 National Guard ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping
error: Content is protected !!
×