EUO

A Falling Euro Is Not The ECB's Biggest Headache

ING says falling euro is not the ECB’s biggest concern on the road to a June rate cut. Other factors can lead to a further depreciation of the common currency. The euro has dropped 4 percent against the US dollar since the start of the year. Euro's fundamentals are stronger than in 2022, says ING.

Can a single capital markets union help European competitiveness?

Can a single capital markets union help European competitiveness? The main idea aims to diversify funding sources across the bloc and facilitate cross-border investment. The new plan aims to replace oversight of 27 member states' capital markets with one single market. The EU leaders are looking at a proposal for a single European capital market union.

Weekly Bund Yield Forecast, April 12, 2024: Bund Forward Rates Shift Up Again

Inverted Bund yields continued this week with the negative 2-year/10-year yield spread at negative 49.2 basis points. The probability of negative spreads in the 91-day period ending October 11, 2024, has moved to 72.2% from 65.3% last week. Inverted yield curve is an important indicator of future recessions.

Weekly Report: what happened at EUO last week (0408-0412)?

Where We Stand

Dollar Consolidates But Adjustment Is Not Over

Higher than expected US CPI for the third consecutive month drove US interest rates sharply higher and lifted the greenback broadly. The market appears to be catching its breath today, but the shallow consolidation suggests the moves are not over. The dollar has reached nearly JPY153.30. Gold fell by about $18.75 an ounce yesterday, its largest loss in about a month.

U.S. CPI, New Security Initiatives With Tokyo And Manila, Bank Of Canada Meeting

The dollar has been confined to narrow ranges ahead of the US CPI report. The Reserve Bank of New Zealand signaled that it was in no hurry to cut rates. The New Zealand dollar is leading the G10 currencies higher. The Hang Seng and the mainland companies in Asia are leading the region. Gold is consolidating in about $2345-$2360.

Dollar Consolidates Softer Ahead Of Tomorrow's CPI

Dollar Consolidates Softer Ahead Of Tomorrow's CPI Apr. 09. The dollar is trading with a softer bias in mostly narrow ranges against the G10 currencies. Most of the large Asia Pacific equity markets rallied. The March CPI and PPI are due first thing tomorrow. Gold hits a new record of $2365.35.