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The DXY is 0.06% as it continues to push highs that we haven’t seen since last July. Trade war escalation took the night off as neither China or the US added to the deteriorating rhetoric between the two nations. Earlier in the week Trump threatened to impose a 10% tariff on $200B of Chinese imports,

Talk of trade wars wreaked havoc on global markets yesterday with the U.S. dollar first spiking on the headlines then plunging against most currencies as market participants view this to be negative for the U.S. in an extremely protectionist maneuver.  While the FED Chair was talking of a smooth running economy with slight tailwinds assisting

The DXY remains depressed with odds of a U.S. government shutdown over the weekend now at 40% after last night’s Senate stalemate on temporary funding measure that would keep federal operations running through Feb. 16.  Temporary government funding runs out at midnight Friday so the market will be looking for headlines to show the impasse

One headline on Bloomberg yesterday sent the Canadian dollar careening lower – “CANADA OFFICIALS SAID TO SEE ODDS RISING OF TRUMP LEAVING NAFTA”.   Within one minute the currency had lost 0.7% vs the USD as it is clear what the market is concerned about in the long run.  One has to wonder if there was

The U.S. dollar is mixed as we walk into the North American open with no significant data releases scheduled for release today.  JPY strengthened after the BoJ reduced its regular purchase of long dated bonds prompting conjecture of a shift away from an easy monetary policy.  Sterling has weakened amidst a cabinet reshuffle where two