So much winning – for one man, anyway.
Category: FX
‘We Got Everything We Wanted’: Turkish Assets Revel In Erdogan’s Easy Win Over America’s Pushover President
Meanwhile, SANA said a Turkish airstrike hit a village in Ras Al-Ain
Putin Not Convinced Erdogan Can Commit Genocide Without Accidentally Jailbreaking Insane Militants
“[I’m] not sure the [Turkish] military will be able take this under control”.
US Could Roll Out Currency Pact With China As Part Of Limited Trade Deal: Reports
The headline hockey continues.
US-China Trade Talks Resume Under Shadow Of Threats, Political Turmoil
The conditions are anything but ideal.Â
Donald’s Dollar Dilemma Deepens As Aussie Plunges Amid Global Race To The Bottom
Don’t show him a dollar chart.
‘The Fed And ECB Are Amateurs’: Albert Edwards Says More ‘Monetary Madness’ From Japan To Intensify Global Currency War
“A whole new level of monetary debauchery”.
Global Currency Wars – In The Trenches
Hunker down.
Turkey’s Captive Central Bank Delivers Another Large Rate Cut For Erdogan
It still won’t be enough for the autocrat, though.
Turkish Lira Warily Eyes US Sanctions Threat, Erdogan Rate Cut Promises
“We’re looking at that”.
China’s Black Swan Yuan Fixes Are The Market’s New Plunge Protection
That, the bank marveled, “is a 6 standard deviation move”.
Argentina Imposes Currency Controls As End Game Beckons
And the crisis worsens.
One Bank’s Clients Complain ‘The Sheer Volume’ Of Tweets Makes It Impossible To Hold Positions
In other words, forecasting the next turn is impossible.
A Critical Week Looms For The US Economy, With Special Emphasis On Friday
Another frantic Friday in the cards?
Trump Isn’t The Only One Hoping King Dollar Will Take A Breather
The sooner the better.
What’s Behind Friday’s ‘Crazy’ Euro Collapse
Lots of things, probably.
Don’t Look Now, But China’s Yuan Just Dodged Its Longest Losing Streak On Record
A stick save, as it were.
Mnuchin Says US Won’t Intervene To Weaken Dollar – For Now
Not today, but who knows, right?
Offshore Yuan Dives To Record, Dollar-Yen Breaches Flash Crash Lows Amid Trade Woes
It starts in FX land.
Fed Cutting Rates To Zero ‘Eminently Plausible’ After Friday’s Events, One Bank Says
If Powell’s speech rationalized a path to the lower bound, the tariff escalations “provided a shove in that direction”.
Spare A Thought For The Bank Of Japan On Friday
Haruhiko Kuroda has a yen problem and it just got materially worse.
For Some Foreign Investors, US Debt Is Terribly Unattractive Despite Negative Yields At Home
Can you bear the hedging cost?
No-Deal Brexit Becomes Base Case For One Bank, Prompting Change To Fed Cut Call
We’re gonna need more “insurance”.
Stocks Rise In New Week, But Surging Dollar Could Become Problematic
The combination of relatively tight Fed policy and a resilient dollar acts as a boa constrictor.
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