OctaFX | OctaFX Forex Broker
Open trading account
Back

Dollar has fallen out fallen out of favor, again - BBH

Analysts at Brown Brothers Harriman explained that the US dollar moved higher in September and October after falling broadly since late April when it became clear that populist-nationalist forces would not sweep across Europe, as many had feared in the aftermath of the Brexit referendum and Trump's unexpected victory in the US.   

Key Quotes:

"It has fallen out fallen out of favor again.  This month, the yen and euro are leading the broad move against the greenback.   

Heading into the last week of the month, only the Australian dollar, among the major currencies, is weaker than it had started the month.  It has a central bank that is steadfastly neutral and a government that may be hamstrung by the loss of a majority over dual-citizenship problems among its members of parliament.  The fact that Australian dollar is on the verge of completely losing its interest rate premium over the US also weighed on sentiment." 

South Korea Consumer Sentiment Index rose from previous 109 to 112.3 in November

South Korea Consumer Sentiment Index rose from previous 109 to 112.3 in November
Read more Previous

G10/Global reviewed - Nomura

Analysts at Nomura explained that the Fed minutes, BOJ exit policy, OPEC and Scandies USD/JPY had been the big mover in the G10 space last week, with
Read more Next
Start livechat