Euro Underperforms
The markets are nervous, five G10 central banks meet in the next three sessions. December WTI holds above $100 a barrel as Iranian attacks continue. Israel goes to the polls…
Currency Movement
8 articles
Moody’s Did Not Downgrade France and Peripheral Premiums are Narrower, but the Euro Struggles to Find Traction
There are two impulses today. First, defying expectations, Moody’s did not downgrade its assessment of French credit, which remains above S&P and Fitch’s ratings. With a show of force by…
Foreign Exchange
France’s Flash October PMI drop below 50 Ahead of Moody’s Decision Later Today
The foreign exchange market looks eerily calm. After the safe haven flows yesterday supported the Swiss franc and yen, today they have diverged. The yen’s minor gain puts its atop…
Risk Appetites Wane: AI Jitters Returns, European Debt Stress Continues, Oil Firms
Market sentiment is fragile. After earnings helped boost sentiment yesterday, a different set of earnings weakened it today. The broad retreat has seen some signs of risk-off in the foreign…
Europe
AI Anxiety Returns, Peripheral Premiums Widen in Europe, and Oil Extends Gains
The US dollar is mostly softer as AI worries resurface. A dismal showing of an IPO for an AI infrastructure company in South Korea seemed to renew last week’s…
Euro
Euro Marked Down, China’s GDP Firmer than Expected, AI Equities Stabilize
The US dollar is mixed against the G10 currencies to start the new week. The dollar-bloc and Scandis are firmer, while the euro, Swiss franc, sterling and yen are softer. …
China
China’s Trade Surplus Swells and the Market Awaits US CPI
Investors are wary of the unwinding one of the most crowded trades, long the AI ecosystem. Despite cracks, the market remains resilient. So far, the rise in interest rates…
Softer Rates, Heavier Dollar
The pullback in bond yields is the main development in the global capital markets today. Rates eased in Asia Pacific, but the eye of the storm has been in Europe…
