by simplymacrostrategy | Apr 26, 2018 | Uncategorized
United States Dollar (USD) The US Dollar continues what has been a virtually uninterrupted advance over the past 10 days. Yesterday its index against a basket of major currencies opened around 90.40 and reached a high late in the London afternoon of 90.80; its best...
by simplymacrostrategy | Apr 26, 2018 | Uncategorized
British Pound (GBP) At the very beginning of this week, the British Pound fell below USD1.40 and has stayed there ever since, reaching a low of 1.3920; its weakest since March 12th. This was all about the US Dollar rather than the Pound, however, and the GBP is up...
by simplymacrostrategy | Apr 25, 2018 | Uncategorized
Australian Dollar (AUD) With local markets closed in observance of the ANZAC commemorations, the last few days have been pretty brutal for the Aussie Dollar. AUD/USD fell from a high of 0.7680 on Monday morning in Europe to a low on Wednesday afternoon just above...
by simplymacrostrategy | Apr 25, 2018 | Uncategorized
United States Dollar (USD) All the drama in the US on Tuesday came in the equity market rather than in foreign exchange. We wrote here 24 hours ago that, “If equities take a sudden lurch lower, then the rally in bonds and the USD might well run into some resistance.”...
by simplymacrostrategy | Apr 25, 2018 | Uncategorized
British Pound (GBP) The Pound rose steadily on Tuesday against all the major currencies we follow closely here and finished top of our one-day performance table. GBP/USD opened around 1.3940 and after an initially steady start, it began to move higher in the European...
by simplymacrostrategy | Apr 24, 2018 | Uncategorized
United States Dollar (USD) The US Dollar was all-conquering on Monday, driven by a potent cocktail of higher bond yields, worries over inflation and near-record short positions in the currency. Its index against a basket of major currencies rose for a fifth...
