How currencies performed in May
It’s not often you see this: The Australian and New Zealand dollars were on opposite ends of the monthly currency matrix in May.
Author: Adam Button
Gold up $7 as winning ways continue
Gold prices touched their best level since April 24 on Wednesday.
Here are a few factors behind the rally:
– General US dollar weakness, which is partly due to:
Gold up $7 as winning ways continue
Gold prices touched their best level since April 24 on Wednesday.
Here are a few factors behind the rally:
– General US dollar weakness, which is partly due to:
May 31, 2017 Federal Reserve Beige Book highlights
– Price pressures little changed, modest increases reported
– Little change see in trend of modest to moderate wage rises
The Beige Book covered from early April to mid-May.
Comments from Nowotny:
– One could question whether the ECB inflation target is still realistic
– It’s possible that inflation rates will remain low
– Low inflation not necessarily bad if there’s growth at the same time
Nowotny is one of those central …
The latest poll for The Sun shows a narrowing race
Theresa May remains in command but Labour has been eating into lead.
The from SurveyMonkey:
latest poll
SNB’s Jordan
– Overvalued franc continues to put pressure on Swiss monetary policy
– Must almost assume global interest rates won’t return to late 1990s levels
EUR/CHF is down 26 pips to 1.0877 today.
The yuan is trading at the highest sine mid-November
Some kind of squeeze is hitting the yuan. The thinking is that the government is trying to clear out shorts.
From the ECB’s Weidmann
– Recovery makes it likely inflation will be higher even if monetary policy accommodation is reduced
– Recovery and improved balance of risks suggest that ECB should start to discussed whether and when to adjust forward guidance…
BTMU on the euro
BTMU FX Strategy Research continues to hold a more upbeat view for
the EUR through the remainder of the year but after the notable move
higher in EUR/USD over the last two months, BTMU projections are
beginning to look a l…