FX

US Nonfarm Payrolls rose at a much slower pace than expected in November. However, an underwhelming print did little to undermine the USD. Economists at TD Securities think it will be very difficult to sell the USD as a thematic strategy given the global monetary policy setup. Fed’s hawkishness to be a significant offset to
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EUR/USD collapsed from 1.1370s down to 1.1240s on Jerome Powell’s hawkish remarks against the US Senate Committee on Banking and Housing. Fed’s Powell: “I will talk about speeding up taper at the coming Fed meeting.” The EUR/USD plummeted during the New York session, on Federal Reserve Chairman Jerome Powell, remarks against the Senate Committee on
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Here is what you need to know on Tuesday, November 30: With trading volumes returning to normal levels following the Thanksgiving break, the dollar gathered strength during the American trading hours on Monday but the sharp decline witnessed in the US Treasury bond yields caused the currency to lose interest. November (preliminary) Consumer Price Index
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European Central Bank Governing Council member Hernandez de Cos said the PEPP should, in theory, end in March 2022, according to Reuters. He added that other programmes or instruments at ECB’s disposal are linked to hitting to sustained 2% inflation target and that the conditions for interest rate hikes had not yet been met by
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