Major Currencies
Price Change 1st jan. ST MT LT
US DOLLAR / CANADIAN DOLLAR (USD/CAD) 1.3465 CAD -0.02% +6.34%
Neutral
Bullish
Bullish
US DOLLAR / MEXICAN PESO (USD/MXN) 19.3730 MXN  0.00% -6.63%
Neutral
Bearish
Bearish
US DOLLAR / BRAZILIAN REAL (USD/BRL) 5.2146 BRL -0.08% -6.92%
Neutral
Neutral
Neutral
US DOLLAR / INDIAN RUPEE (USD/INR) 81.3200 INR -0.11% +8.94%
Neutral
Neutral
Bullish
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 7.0190 CNY  0.00% +10.87%
Bearish
Bullish
Bullish
US DOLLAR / JAPANESE YEN (USD/JPY) 134.2900 JPY +0.01% +17.45%
Bearish
Neutral
Bullish
US DOLLAR / AUSTRALIAN DOLLAR (USD/AUD) 1.4728 AUD +0.02% +6.59%
Bearish
Neutral
Neutral
US DOLLAR / SOUTH-KOREAN WON (USD/KRW) 1300.00 KRW +0.16% +9.79%
Bearish
Neutral
Neutral
US DOLLAR / HONGKONG-DOLLAR (USD/HKD) 7.7882 HKD -0.01% -0.21%
Bearish
Bearish
Neutral
US DOLLAR / EURO (USD/EUR) 0.9488 EUR -0.07% +8.00%
Bearish
Bearish
Bullish
US DOLLAR / BRITISH POUND (USD/GBP) 0.8137 GBX -0.03% +10.37%
Bearish
Bearish
Neutral
US DOLLAR / SWISS FRANC (USD/CHF) 0.9365 CHF +0.01% +2.65%
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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Dollar hits 6-year high vs yen as BOJ moves against rising bond yields

Dollar hits 6-year high vs yen as BOJ moves against rising bond yields

NEW YORK, March 28 (Reuters) - The dollar hit a six-year high versus the yen after the Bank of Japan moved to contain rising bond yields, while U.S. Treasury yields soared to new multi-year highs, highlighting a divergence between the BOJ and other major central banks. Treasury 10-year yields vaulted above 2.5% to three-year highs, with the U.S. Federal Reserve expected to deliver a half-point interest rate rise in May as it tackles rising inflation, having kicked off its tightening cycle this month. "We now expect the FOMC to hike by 50 bps at the next two meetings before shifting back to a 25-bps-per meeting cadence for the reminder of the year," said Michael Gregory, deputy chief economist at BMO Capital Markets Economics. Interest rate hike expectations helped lift the dollar to its highest in two weeks against a basket of six major peer currencies, last up 0.313% at 99.158, at 3:20 p.m. Eastern Standard Time (1920 GMT). Against the yen, the dollar surged as much as 2.5% to its highest level since August 2015 and the biggest one-day rise since March 2020. Yen losses in March surpass 7% and the currency is set for its biggest monthly and quarterly falls since 2016. The dollar was last up 1.34% against the Japanese currency at 123.715 yen. Struggling to swim against the tide lifting interest rates higher globally, the BOJ staunchly defended its 0.25% yield cap on Monday by offering to buy an unlimited amount of government bonds (JGBs) for the first four days of this week. While that did not stop 10-year yields hitting the upper limit of the BOJ's policy band, it sent the yen spiraling. "On net, JGBs mostly shook off what was just a repeated gesture to defend the 10-year yield ceiling but the signal toward expanding money supply contributed to yen softness alongside the more dominant Federal Reserve effects on the dollar," said Derek Holt, head of capital markets economics at Scotiabank Economics. Big energy import bills and the loss of tourism revenues mean "the weight on the yen is likely to remain for the next year," said Colin Asher, senior economist at Mizuho. The Japanese currency also lost ground against the euro, which is increasingly underpinned by expectations the European Central Bank will join the rate hike club this year. The euro gained 1.27% to 135.895 yen, a four-year high. The euro edged up 0.03% against the greenback to 1.0984 . The single currency's fortunes this week could be determined by inflation figures from major European economies, with the bloc's harmonized HICP inflation seen edging up to 6.5% in March. Analysts at Monex said given the yen's weakness and risks to the euro from the Ukraine-Russia conflict, the dollar would likely stay buoyant, especially if Friday's jobs data proved strong. "Should wage growth continue to tick up despite the recent increase in labor supply, money markets are likely to fully price two 50 bp hikes from the Fed in May and June," they added. In commodity currencies, the Australian dollar dipped 0.33% to $0.74895, but was not far off its recent four-month high. In cryptocurrencies, bitcoin rose 2.53% to a year-to-date high of $48,050.90. It bitcoin holds above $47,000, it could be in for a major breakout, said Edward Moya, senior analyst at Oanda. "Once bitcoin crosses the $50,000 level, that should trigger further retail and institutional interest," he said. (Reporting by John McCrank in New York; additional reporting by Sujata Rao and Dhara Ranasinghe in London; Editing by Jonathan Oatis and Alison Williams)
March 28, 2022 at 09:45 pm
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