by Tony Valente | Mar 3, 2025 | Uncategorized
The Japanese yen was the top-performing currency in February, appreciating by 3.05% due to a combination of rising Japanese interest rates and a decline in U.S. 10-year interest rates. As illustrated in the chart above, the USD weakened against the yen, dropping from...
by Tony Valente | Feb 4, 2025 | Uncategorized
The CAD was the weakest performer in January, pressured by a rate cut from the Bank of Canada and renewed tariff threats from President Trump. In contrast, Japan saw the opposite trend—the Bank of Japan raised interest rates, and the absence of U.S. tariff threats...
by Tony Valente | Jan 8, 2025 | Uncategorized
At the start of 2024, market consensus widely predicted that the U.S. Federal Reserve would slash interest rates six times, with speculation rising to as many as seven cuts by mid-January. A recession, deemed imminent, was expected to drive this aggressive monetary...
by Tony Valente | Dec 3, 2024 | Uncategorized
The broad based USD, represented by the US dollar index has been up only since September 30th. It has been up for 8 straight weeks until last week. When the USD is up only it gets reffered to a “wrecking ball” and for good reason, it can have profound, often...
by Tony Valente | Nov 15, 2024 | Uncategorized
It’s time for a shift in the narrative. Back in August, the focus was on the unwinding of the Japanese yen carry-trade. After that, attention turned to China’s stimulus efforts to combat issues in its real estate and stock markets. Then, the spotlight was on the...
