Major Currencies
Price Change 1st jan. ST MT LT
US DOLLAR / CANADIAN DOLLAR (USD/CAD) 1.3584 CAD -0.50% +8.03%
Bullish
Bullish
Bullish
US DOLLAR / MEXICAN PESO (USD/MXN) 19.6559 MXN -0.13% -3.61%
Bullish
Bearish
Bearish
US DOLLAR / BRAZILIAN REAL (USD/BRL) 5.2133 BRL +0.23% -6.16%
Neutral
Neutral
Neutral
US DOLLAR / INDIAN RUPEE (USD/INR) 82.2610 INR +0.07% +10.68%
Bullish
Neutral
Bullish
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 6.9649 CNY -0.08% +10.10%
Bearish
Neutral
Bullish
US DOLLAR / JAPANESE YEN (USD/JPY) 136.4900 JPY +0.08% +18.96%
Bearish
Neutral
Bullish
US DOLLAR / AUSTRALIAN DOLLAR (USD/AUD) 1.4775 AUD -0.62% +8.39%
Bearish
Neutral
Neutral
US DOLLAR / SOUTH-KOREAN WON (USD/KRW) 1316.00 KRW +0.16% +11.09%
Bearish
Neutral
Neutral
US DOLLAR / HONGKONG-DOLLAR (USD/HKD) 7.7826 HKD -0.11% -0.26%
Bearish
Bearish
Neutral
US DOLLAR / EURO (USD/EUR) 0.9487 EUR -0.27% +8.62%
Bearish
Bearish
Bullish
US DOLLAR / BRITISH POUND (USD/GBP) 0.8180 GBX -0.12% +11.52%
Bearish
Bearish
Neutral
US DOLLAR / SWISS FRANC (USD/CHF) 0.9362 CHF -0.45% +3.24%
Bearish
Bearish
Neutral
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MarketScreener Strategies Short Term
Daily price chart °4591

Draghi's latest

In addition to the expected status quo of the ECB, its President Mario Draghi has endeavoured, when drawing his revelation, to defend both his assessment and the institution’s current roadmap. The Italian economist has indeed responded to its tractors by ensuring that its ultra-comfortable policy has more positive consequences, particularly in terms of job creation and employment, than significant adverse effects. Despite the endless low inflation, he even described negative rates as “very positive” experience”. While the press has also revealed deep divisions within the Governing Council, Mario Draghi also insisted that all of the September decisions had been taken unanimously, doubling expectations around a recent potential adjustment under Lagarde. Anecdotally, the European Central Bank confirmed them this month by leaving its rates unchanged, in particular its negative deposit rate (-0.5%), and by confirming the injection of 20 billion euros per month into the economy on 1 November next and for an indefinite period As a coincidence in the calendar, the latest PMI indicators had shown, shortly before these announcements, that the contraction in manufacturing activity in the Euro zone, particularly in Germany, had worsened. In the Monetary Union as in Germany, the driving force of the Old Continent, the figures were lacking in the consensus of economists. Despite a Brexit that “seems” to gradually want to untie itself, Christine Lagarde”” s” s” Christine Lagarde””'s task is to take care of the ECB;it is therefore a difficult announcement, especially if the calls for structural reforms in the States, already initiated by its predecessor, continue to remain unheeded. Graphically, despite the relative weakness of the greenback, the Euro is therefore struggling to establish itself permanently beyond USD 1.1143, the key level previously mentioned and beyond which the medium-term downward trend would be called into question. As long as prices evolve under this resistance, a return to 1.1035 and then 1.0899 retains all credibility.
ZB October 25, 2019 at 08:42 am
Daily price chart °4591

New rebound and key level

Despite statistical difficulties in Europe, the single currency is based on hopes for a rapid resolution of the Brexit and, above all, on a resolution to adjust monetary policy expectations, in order to relaunch itself vigorously. The latest reports of the FED and the ECB show fewer divergences than expected between the two major central banks. The divisions within the Frankfurt Governing Council, particularly in the area of quantitative easing (QE), are fuelling speculation around a somewhat less accommodating policy under Christine Lagarde’s upcoming leadership. On the other hand, the American Federal Reserve’s concerns about trade tensions have clearly increased, opening the door to a further rate cut this year And the numbers don't lie. The contraction of manufacturing activity, which has reached record levels in more than a decade, in both the United States and Germany, is a concrete illustration of the negative consequences of Donald Trump’s protectionist policy.“So even if a partial agreement, of a different nature from new sanctions against China, has been announced, too little major progress is being made at this stage to clarify the horizon. Brexit, limited agreement or postponement appear to be the two most plausible scenarios, almost definitively ruling out that of a no deal, particularly feared by the markets. Graphically, the Euro is based on its recent low points to offer a rebound of an amplitude equivalent to that of last June (300 pips). A new test to be transformed as weekly data shows that prices are now moving between moving averages at 20 and 50 weeks and are approaching a long-term resistance of USD 1,1197. This will have to be erased at the end before considering challenging the underlying trend that has been in place since early 2018.
ZB October 21, 2019 at 05:45 pm
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Euro climbs as ECB eyes rate hikes, dollar slides

Euro climbs as ECB eyes rate hikes, dollar slides

By Sinéad Carew NEW YORK (Reuters) - The dollar index fell on Monday while the euro rallied after the European Central Bank indicated a move from negative interest rates, and riskier currencies gained ground along with equities. ECB President Christine Lagarde said in a blog post that the bank was likely to lift the euro area deposit rate out of negative territory by the end of September and could raise it further if it saw inflation stabilizing at 2%. After declining last week, U.S. equities followed European stocks higher on Monday. [.N] The euro's rally came as the dollar fell broadly after already selling off last week. [FRX] Investors had more appetite for riskier assets on Monday as they reacted to Lagarde's comments and easing worries that a European recession was imminent while the U.S. outlook looked less inspiring, according to Erik Nelson, macro strategist at Wells Fargo, New York. "We're seeing more optimism around global growth - European growth, Chinese growth, UK growth, and a little bit less optimism about U.S. growth. So the growth divergence theme is really a big thing and moving out of favor for the dollar," Nelson said. 74e746b1-f764-486c-ae7a-83f7512257be2 The euro was the big gainer, last up 1.13% at $1.0687, having risen as much as 3.4% from its multi-year intraday low of $1.0349 on May 13. The U.S. dollar index, which had hit a two-decade high of 105.01 on May 13, was last down 0.82% at 102.09. "Investors are still interested in the greenback, but foreign currency pressure to the upside has created a little bit of a headwind for the U.S. dollar," said JB Mackenzie, managing director of futures and forex at Charles Schwab. In particular, Mackenzie pointed to the euro's rise after the ECB indication that it would become more hawkish. "Everybody else has been hiking interest rates. The ECB has been the last one to do that so that was what put pressure on the euro. Now all of a sudden, you're starting to hear that they're going to be changing their policy route," Mackenzie said. Whether the dollar is taking a breather or keeps falling will depend on news from the U.S. Federal Reserve, according to Mackenzie, who will be watching closely for policy clues in minutes from the Fed meeting, due to be released this week. The greenback has already soared this year but with expectations for repeated rate hikes already priced in, Wells Fargo's Nelson said it may trade sideways for some time. Last week speculators' net long positioning on the U.S. dollar slipped, after hitting their highest level since late November in the previous week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The Australian dollar, which initially showed a muted reaction to the victory for the center-left Labor Party in national elections at the weekend, was up 0.77% at $0.7106 . SWISS FRANC GAINS Meanwhile the Swiss franc was gaining against the dollar after Swiss National Bank governing board member Andrea Maechler said in an interview published on Monday that the bank will tighten monetary policy if inflation in Switzerland remains persistently high. The dollar was last down 0.89% against the Swiss franc after hitting its lowest level since late April. Sentiment around China also helped riskier currencies. Shanghai is edging out of a pandemic-related lockdown, and an unexpectedly big rate cut in China last week reassured investors. Also China will broaden its tax credit rebates, postpone social security payments and loan repayments, roll out new investment projects and take other steps to support the economy, state television quoted the Cabinet as saying on Monday. The yuan had its best week since late 2020 last week and in offshore markets on Monday firmed to 6.704 per dollar, its strongest since early May. [CNY/] Geopolitics are also in focus in Asia this week as U.S. President Joe Biden tours the region. ======================================================== Currency bid prices at 3:09PM (1909 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Dollar index 102.0900 102.9500 -0.82% 6.718% +102.9500 +102.0400 Euro/Dollar $1.0687 $1.0569 +1.13% -5.99% +$1.0697 +$1.0559 Dollar/Yen 127.9150 127.9200 -0.01% +11.11% +128.0550 +127.1600 Euro/Yen 136.70 135.03 +1.24% +4.90% +136.8000 +134.6700 Dollar/Swiss 0.9660 0.9743 -0.89% +5.85% +0.9751 +0.9629 Sterling/Dollar $1.2577 $1.2496 +0.68% -6.98% +$1.2601 +$1.2482 Dollar/Canadian 1.2774 1.2846 -0.55% +1.04% +1.2842 +1.2767 Aussie/Dollar $0.7106 $0.7052 +0.77% -2.24% +$0.7127 +$0.7046 Euro/Swiss 1.0324 1.0289 +0.34% -0.43% +1.0335 +1.0266 Euro/Sterling 0.8495 0.8457 +0.45% +1.13% +0.8504 +0.8434 NZ $0.6463 $0.6410 +0.84% -5.57% +$0.6491 +$0.6400 Dollar/Dollar Dollar/Norway 9.5905 9.7400 -1.64% +8.75% +9.7330 +9.5800 Euro/Norway 10.2510 10.2923 -0.40% +2.38% +10.3123 +10.2207 Dollar/Sweden 9.8115 9.9285 -0.13% +8.80% +9.9711 +9.8023 Euro/Sweden 10.4850 10.4983 -0.13% +2.45% +10.5190 +10.4595 (Reporting by Sinéad Carew in New York; and Tommy Wilkes in London; Additional reporting by Tom Westbrook in Singapore; Editing by Jan Harvey, Will Dunham and Matthew Lewis)
May 23, 2022 at 09:34 pm
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