Archived IMT (2009.10.08)
Dollar positioning is increasingly shifting towards a 2-tiered approach, with the longer term view expecting prolonged USD weakness in terms of the escalating borrowing schedule of the US Treasury and the unfolding yield differential weighing on the USD (tightening in commodity economies). But there is a shorter term view that is more dollar positive, based on expectations of reduced global liquidity, unsustainably high oil prices, emerging from correcting global equity markets. USDJPY facing increased resistance at 88.70s, with centre of gravity increasingly dragging it down towards the mid 80s. EURUSD has yet to break the 1.4860s. Watch Ashraf on CNBC at 2:45 pm EDT (6:45 pm GMT)
Month End, Beginning of the End?
by Adam Button | Mar 27, 2020 1:43
Cable Chaotic, Claims Coming, 1929 Analog
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Will Fed Going Nuclear Hurt USD?
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Central Banks Keep Plugging Holes in the Dam
by Adam Button | Mar 20, 2020 15:01