News
UDN
17.99
-0.17%
-0.03
Waller Pushes On Open Door: Push For Patience Lifts The Dollar, Complicating Japanese Efforts
Comments by Fed Governor Waller, urging patience on rates has helped the greenback extend its recent gains. Poor German data has weighed on the euro, taking the single currency to new lows for the month. Japanese officials are signaling their willingness to intervene in the foreign exchange market to strengthen the yen. The 10-year US Treasury yield is up three basis points.
Seeking Alpha · 1d ago
Money Supply Dips For First Time Since November
Seeking Alpha · 1d ago
Heightened Threat Of Japanese Intervention Pushes Greenback Away From JPY152
The dollar neared JPY152, setting a new 34-year high. Most of the G10 currencies are softer against the dollar but the yen. Chinese equities got thumped today, with the CSI 300 off nearly 1.2%. Gold is firm, recording a higher low for the third consecutive session as remains near $2200.
Seeking Alpha · 2d ago
M2 Update - Still Looking Good
The Fed released the February money supply data, and there were no unwelcome surprises. M2 continues to shrink relative to the economy, and that's the reason inflation is likely to continue to fall. Currency in circulation rose at a 6.6% annual rate from 2010 to 2021. The demand for money exploded in the wake of the crisis.
Seeking Alpha · 2d ago
2024 Global Market Outlook - Q2 Update: Pent-Up Exuberance
Home Market Outlook Today's Market 2024 Global Market Outlook - Q2 Update: Pent-Up Exuberance. The U.S. Economy is expected to avoid a recession in 2024, but economic uncertainty remains high. The labor market is slowing down and lower-income households are under stress.
Seeking Alpha · 2d ago
Dollar's Recent Gains Pared But Firm Undertone Remains Intact
The dollar consolidated yesterday and is continuing to do so today at slightly lower levels. The PBOC lowered the dollar's fix slightly, and officials are struggling to reestablish order. Against the offshore yuan, the dollar remains outside of its 2% onshore band. Asia-Pacific equities rallied, led by the Hang Seng and mainland shares. Europe's STOXX 600 is treading water after eking out a minor gain.
Seeking Alpha · 2d ago
If The Fed Plans To Cut Rates, Then Why Is The Dollar Firm?
Seeking Alpha · 3d ago
Greenback Consolidates Last Week's Surge
The dollar is consolidating after surging at the end of last week. Except for the Swiss franc and Swedish krona, the G10 currencies are showing a slightly firmer tone. The large bourses in Asia-Pacific fell, with the Nikkei losing almost 1.2%. The 10-year US Treasury yield slipped for the past four days.
Seeking Alpha · 3d ago
Weekly Report: what happened at UDN last week (0318-0322)?
Weekly Report · 4d ago
Weekly Market Pulse: Rational Exuberance?
Home Market Outlook Today's Market Weekly Market Pulse: Rational Exuberance? Joseph Calhoun looks at Alan Greenspan's speech about central banking. The dollar was up a little more than 1% last week. The rally last week was broad based with 10 of 11 economic sectors higher. Calhoun says what is happening today is a form of excessive exuberance.
Seeking Alpha · 4d ago
Week Ahead: Enthusiasm For The Dollar Rekindled
The Bank of Japan lifted its interest rate target for the first time in 17 years. The Swiss National Bank became the first G10 central bank to cut rates. The central bank of Mexico delivered its first rate cut. The dollar initially sold off hard but recovered to trade at new highs for the week.
Seeking Alpha · 6d ago
What The Bond Market Is Telling Us About The Future Path Of Rate Cuts
U.S. Federal Reserve is signaling it still sees three rate cuts this year. Greg Bonnell looks at the outlook for rates and the implications for the bond market. Scott Colbourne, Managing Director and Head of Active Fixed Income at TD Asset Management, weighs in. What The Bond Market Is Telling Us About The Future Path Of Rate Cuts.
Seeking Alpha · 6d ago
Rate Cuts Are Coming, But Timing Remains Uncertain
With a resilient economy and sticky inflation, expect policymakers to choose caution over speed. The healthy labor market and robust economic data have pushed back the expected start of the U.S. Rate cut cycle. Gradual disinflation has pushed the Federal Reserve to be more dovish.
Seeking Alpha · 6d ago
The Happiest Fed Ever
The median FOMC projection for 2024 real GDP growth is 2.1 percent, up substantially from the December estimate of 2.4 percent. Powell is a student of history, and the Fed chair seemed to be feeling good. Almost every major tightening cycle since 1970 has ended in a recession. Fed officials are increasingly comfortable with the end of the 2022-23 cycle.
Seeking Alpha · 6d ago
On My Mind: Fed Chair Powell - I Still Haven't Found What I'm Looking For
Federal Reserve's March policy meeting has generated vocal reactions. Sonal Desai says the market is trying to read too much into the Fed's new economic projections and Jerome Powell's words. He says Powell is a pragmatic Fed that has already been burnt by high inflation. Desai: Powell's comments were the most dovish signal from the Fed.
Seeking Alpha · 6d ago
March 2024 FOMC
The FOMC held its target rate range constant at 5.25-5.5%. Real GDP growth was revised up for all four projection years and significantly for 2024. The median federal funds rate held steady at 4.6%. The path to 2% is still uncertain.
Seeking Alpha · 6d ago
U.S. Dollar Index jumps to its highest level in a month
The US Dollar Index (DXY) reached its highest level in over a month on Friday morning. The index topped 104.44 early Friday -- the highest recorded level since February 16. The DXY is up 1% since the last Federal Reserve rate decision on Wednesday. The dollar index looks like it might test the 105 level.
Seeking Alpha · 6d ago
CNY7.20 Gives Way As Strong Greenback Proves Too Much
The dollar's post-FOMC sell-off has been reversed and the greenback has reached new highs for the week against most of the G10 currencies. The US dollar has risen above CNY7.20 for the first time since last November. Chinese and Hong Kong equities were hit hard today and the Hang Seng fell nearly 2.2%. The yen is steady and is the best performer in Asia.
Seeking Alpha · 03/22 11:10
The Money Supply Fell For The 15th Month In A Row As Full-Time Jobs Disappear
Money supply growth fell again in January, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. Money supply growth has now been negative for fifteen months in a row. January's drop continues a steep downward trend from the unprecedented highs of the past three years. Negative growth is the largest we've seen since the Great Depression.
Seeking Alpha · 03/22 07:45
Q&A: Fed Rate Cut Edition
Home Market Outlook Economy Analysis Q&A: Fed Rate Cut Edition. At Wednesday’s FOMC meeting the Fed stood by their estimate of 3 rate cuts in 2024. The Fed hasn’t moved to cut just yet because they’re still a little cautious about another flare-up in inflation.
Seeking Alpha · 03/22 07:00
More
Webull provides a variety of real-time UDN stock news. You can receive the latest news about Invesco DB US Dollar Bearish through multiple platforms. This information may help you make smarter investment decisions.