Dollar seasonality
Now is the time to buy the dollar, at least from a seasonality point of view Source: The Market Ear
USD is coming back
Source: Barchart
BREAKING 🚨: Turkey
Turkish Lira has plunged more than 96% against the U.S. Dollar since 2010. Source: Barchart
Has the dollar bottomed?
An interesting regularity is emerging for the Dollar. Payrolls revisions (Aug 1), CPI (Aug 12) and Powell's Jackson Hole speech drag the Dollar down, but each low after one of these hits is higher than the one before and the Dollar then resumes its rise. Source: Robin Brooks
What looks like gold going up is really the dollar going down.
Source: Mr. Uppy @MisterUppy
In case you missed it...
Russian Ruble is the best performing currency this year, up 42% against the U.S. Dollar Source: Barchart, BofA
U.S. Dollar Index $DXY now on a 4-day winning streak and is at its highest level in more than 1 month 📈📈
Source: barchart
The Euro suffered its steepest one-day drop against the dollar since May on Monday, as Germany and France voiced fears that the long-awaited EU-US trade deal would hurt the European economy.
The single currency was down more than 1 per cent against the dollar and weakened by 0.8 per cent against the pound, following the announcement on Sunday that the US would impose 15 per cent tariffs on most imports from the EU. The agreement, hailed by European Commission president Ursula von der Leyen as “the biggest trade deal ever” and covering nearly 44 per cent of global GDP, averted a possible transatlantic trade war. But German chancellor Friedrich Merz said on Monday that the tariffs would cause “considerable damage” to his country’s economy, Europe and the US itself. “Not only will there be a higher inflation rate, but it will also affect transatlantic trade overall,” he said. “This result cannot satisfy us. But it was the best result achievable in a given situation.” French Prime Minister François Bayrou said the trade deal marked a “dark day”, adding that the EU had “resigned itself into submission”. Source: FT
