Natixis logoWeekly commentary: Natixis

Nordine Naam, Natixis

All eyes on the ECB

Posted on: 21 October 2015

Exchange rates remained erratic last week due to China’s continued slowdown and the absence of forward visibility on the monetary policies of leading central banks...

Emerging currencies rebound

Posted on: 14 October 2015

The US dollar underwent a significant correction in the wake of the poor Employment Situation Report and the minutes of the Federal Open Meeting Committee (FOMC) meeting last week, which revealed the Federal Reserve was concerned about the effect of a strong US dollar on growth and inflation...

China and the ongoing correction of commodity currencies

Posted on: 10 September 2015

The Chinese crisis intensified following the devaluation of the yuan, heightening concerns over China’s recent slowdown in economic growth...

Euro, yet another make or break it?

Posted on: 15 July 2015

Despite the risks attached to the crises in Greece and China, the US dollar failed to appreciate sharply – in fact, the DXY dollar struggled to hold above 96 last week.

Euro torn between hope and fear over Greek crisis

Posted on: 29 June 2015

The US dollar picked up last week against the backdrop of improved US macroeconomic indicators and the statement by Federal Open Meeting Committee (FOMC) member Jerome Powell, who predicted that the central bank will begin to raise the Fed Funds rate in September, with a second hike to follow in December.

Market in wait-and-see mode over Greece

Posted on: 24 June 2015

The US dollar ended up correcting last month following a rather dovish Federal Open Market Committee (FOMC) Statement.

ECB still making its presence felt

Posted on: 27 May 2015

The foreign exchange market has been considerably volatile over the past two weeks due to uncertainties over the Federal Reserve (Fed) and European Central Bank’s (ECB) decision on monetary policy.

US dollar’s rebound needs to be comforted

Posted on: 14 May 2015

Over a period which saw the EUR/USD appreciate from 1.05 to 1.13, the DXY dollar index corrected to a low of 94 last week, raising serious concerns for the health of the US economy.

The dollar is not dead

Posted on: 15 April 2015

Despite weak nonfarm payrolls in March, last week the US dollar managed to recover.

USD: extension of consolidation?

Posted on: 8 April 2015

The US dollar recovered last week despite some rather mixed macroeconomic data out of the US. This was due to market concerns ahead of the publication of the Employment Situation Report, and as a resukt of Federal Open Market Committee (FOMC) members calling for a normalisation of monetary policy before year-end.

Dollar is data dependent

Posted on: 1 April 2015

In the wake of the most recent Federal Official Market Committee (FOMC) meeting, when members revised downward their projections for the Fed Funds rate in coming quarters, the US continued to correct against all currencies.

Draghi heaps more pressures on euro

Posted on: 10 March 2015

In the US, it is clear the economic situation is continuing to improve.

Euro edgy ahead of ECB meeting

Posted on: 2 March 2015

Uncertainties over Greece ebbed somewhat this week once the Eurogroup had accepted the Greek government’s reform proposals.

Brent’s rebound bears down on greenback

Posted on: 11 February 2015

The DXY dollar index corrected sharply last week.

Waiting for the Fed

Posted on: 30 January 2015

In recent weeks, the EUR/USD has corrected far more rapidly to reach 1.12.

 

 

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