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Dollar Pays Heavy Price for Equity Sell-Off

Dollar Pays Heavy Price for Equity Sell-Off

The U.S. dollar was lower against most major pairs on Friday. The greenback dropped as investors flocked to safe havens away from the U.S. currency. Trade war concerns and its impact on U.S. companies have triggered a massive sell-off in equities. The U.S. dollar is on the back foot despite strong growth as evidenced by the release of the flash GDP for the third quarter that showed a 3.5 percent gain beating expectations.

U.S. Growth in Q3 to Guide Dollar

U.S. Growth in Q3 to Guide Dollar

The U.S. dollar is mixed on Friday. Investor’s appetite for risk rose and safe haven currencies (JPY and CHF) fell while positive China and Brexit news saw the NZD, EUR, GBP and AUD advance against the USD. The Canadian dollar was dragged down in the last trading day of the week after softer than expected retail sales and inflation data.

U.S. Retail Sales to Support Dollar

U.S. Retail Sales to Support Dollar


The U.S. dollar was higher against major pairs on Friday, but not enough to end up the week on positive territory. A stock market rout took its toll on the greenback and the subsequent rebound in stock prices supported the currency ahead of the weekend.

Dollar Slows Down After U.S. Jobs Miss

Dollar Slows Down After U.S. Jobs Miss

The U.S. dollar was mixed Friday. The GBP deserves a special mention as positive Brexit rumors pushed it 0.61 percent higher against the USD. The American currency lost momentum as the U.S. non farm payrolls (NFP) headline jobs number disappointed with a 130,000 added positions, instead of the forecasted 188,000.

Five Things the Markets are Talking About: Monday, July 23

Five Things the Markets are Talking About: Monday, July 23

This week starts with equities under pressure as capital markets digest warnings from G20 finance ministers about the impact of protectionism on growth. Also raising concerns is the Sino-U.S. trade war now spilling over into currency markets with President Trump rhetoric supporting a preference for lower U.S. dollar interest rates and a weaker currency.

Five Things the Markets are Talking About: Monday, June 4

Five Things the Markets are Talking About: Monday, June 4

After the U.S. imposed steel and aluminum tariffs on E.U., Canadian and Mexican imports, political tensions, and the risk of a global trade war are back in focus, making this week’s summit more important than usual. U.S is headed for a showdown with its G7 allies at a summit in Quebec, Canada (June 8-9).

Dollar Gains Limited by Geopolitical Risks

Dollar Gains Limited by Geopolitical Risks

Capital markets remain uneasy as growing geopolitical tensions rattle equities and commodities. Adding fuel to the fire is yesterday’s FOMC’s March meeting minutes which we cover here.