I usually wouldn’t pay attention to stuff like this. I take it as negotiating bluster. But the world is changing and suddenly we have a time window change of direction where precious metals are suddenly strong and the Greenback can’t seem to right the ship. Sometimes big things develop out of little beginnings.
The dollar is under threat of losses once again, with the Greenback at time of writing currently trending lower against all of its G10 counterparts, with the exception of the Canadian dollar.
As you can see, RUB/MXN currency pair has rallied on events that increased the likelihood of Trump becoming the 45th U.S. President and fallen on events that hurt his chances, such as Monday's debate.
Of course, it’s impossible to write a concise recap of an entire year’s worth of developments in any field, much less the world’s largest market, but we wanted to provide at least a 500-foot overvi
For more than a year now, commodity prices have been under pressure from the strong U.S. dollar and slowing global demand. This has made a huge dent in the balance sheet of many net exporters of resources, in turn weakening their currencies.
With a plethora of major central bank announcements out of the G10 this week, traders will be more focused on developed markets than their emerging market rivals, so we wanted to take a moment to reset the technical outlooks for the major EM pairs we follow.
