The Lira was under pressure Tuesday as the Dollar rose, risk assets tipped lower and the Turkish unit was penalised for Ankara's intervention at the Central Bank of the Republic of Turkey (CBRT), which threatens a new crisis and has seen Commerzbank raise its USD/TRY forecast to 10.00.
March 23,2021
"Will the USD strengthen further in the coming weeks?" Is a question clients are regularly asking of Manpreet Gill, Head of FICC Investment Strategy at Standard Chartered.
March 23,2021
The Dollar is being tipped to remain supported by foreign exchange analysts at Barclays who say the U.S. administration of Joe Biden will open the spending taps even wider over coming months.
March 22,2021
The Pound-to-Dollar exchange rate was dealt a setback last week but remains well supported on the charts while the UK's economic blessings continue to make a compelling case for further gains back to and above the 1.40 threshold as central bank policy divergences come to dominate the currency market agenda.
March 21,2021
The Dollar almost cleared from the market the last semblances of resistance to its resurgence on Friday when besting all other major currencies, after the Federal Reserve (Fed) called time on an almost year-long reprieve from some of the onerous capital requirements typically imposed on commercial banks.
March 19,2021
The Dollar is rising alongside the yield paid on U.S. government treasury bonds, a sure sign that the market did not buy into the Federal Reserve's message delivered at its March policy meeting.
March 18,2021
The U.S. Dollar went from boom-to-bust in spectactular fashion late Wednesday after the Federal Reserve (Fed) caught a falling bond market in its arms and in the process burned the fingers of investors whose 'hawkish,' if-not tin-eared wagers had effectively thrown down a gauntlet for American policymakers.
March 18,2021
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