by Tony Valente | Sep 2, 2025 | Uncategorized
August was turbulent for currency markets, with the US dollar weakening against nearly all major peers as the Federal Reserve signaled a pivotal shift in monetary policy. The lone exception was the New Zealand dollar, pressured by falling dairy prices—whole milk...
by Tony Valente | Aug 6, 2025 | Uncategorized
The U.S. dollar index (DXY) endured a volatile July, snapping a six-month decline only to reverse sharply after a dismal employment report. From January through June, the DXY fell nearly 10.8%, but rebounded 2.0% early in July following stronger-than-expected nonfarm...
by Tony Valente | Jul 7, 2025 | Uncategorized
The first half of 2025 has delivered a broad-based setback for the USD, which has declined sharply against all major currencies. Year to date, the greenback is down 14.38% against the Swiss franc, 14.19% against the euro, 9.90% against the British pound, 8.84% against...
by Tony Valente | Jun 2, 2025 | Uncategorized
The U.S. jobs market remains robust, and uncertainty surrounding tariffs is causing the Federal Reserve to pause its actions. Meanwhile, most G10 central banks, except the Bank of Japan, are likely to cut rates before the Fed resumes easing. This should theoretically...
by Tony Valente | May 1, 2025 | Uncategorized
The opening words of last month’s letter couldn’t have been more fitting: “There’s no turning back now, and the rest of the world knows it.” The events that followed proved just how true that was. On April 2nd, “Liberation Day,” the...
