The has taken a big hit this week due to both a weakening Canadian dollar and a stronger Japanese Yen. The continued hit to Canadian data, this time in the form of weaker inflation data, and the dovish tone of the Bank of Canada this week have caused the Canadian dollar to move lower. In

Daily FX Market Roundup 01.23.20 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Currencies sold off sharply today as the coronavirus virus spreads to new countries. China may be aggressively trying to contain the virus but as we warned in yesterday’s note, the respite should be brief as more cases will

Daily FX Market Roundup 01.17.20 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The wraps up another good week with gains against most of the major currencies. The only exceptions were the , which climbed to its strongest level in 3 months and the , which held onto its recent gains.

With both the U.S. and Canada releasing employment figures today, warrants a look. Data has generally undershot expectation for Canada since the end of November. Given the Bank of Canada has a base rate of 1.75%, it appears to be only a matter of time before they’re forced to lower rates. Yet Governor Stephen Poloz

Daily FX Market Roundup 01.09.20 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management It has been a good week so far for the and on the eve of the first of the year, the greenback extended its gains against all of the major currencies. The rally was fueled by the record-breaking

The (DXY) has been in an upward sloping channel since early May of last year. Price hit a high of 99.67 on Oct. 1, 2019, and has pulled back to current levels near 97.00. There are several important technical indicators to take note of at the current point of the move lower: 1) During the

The U.S. has been attracting a lot of attention for a while now, especially given its continued rise, even after the Fed reversed its policy in July. That was when the U.S. central bank cut for the first time in over a decade, followed by two additional cuts later in 2019. But the dollar just

Daily FX Market Roundup 01.03.20 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management As January kicks off, profit taking has been the primary trading theme in FX. For the second day in a row, all of the major currencies traded sharply lower on the back of renewed geopolitical tensions and softer

It’s the moment of truth for the yuan. Will it resume its rally since Sept. 3, the bottom for the Chinese currency? Or, will it return to its overall decline since the 2014 peak? The yuan seems to have ended 2019 almost at the same level as where it began. The currency’s drop of 1.3%

On Friday, the was down over 0.6%, and today the selloff continues. The price today is down nearly another 0.4% in U.S. trading as the DXY looks to test the spike lows from the Christmas night. Price is diverging on a short-term time frame; however, yearend flows will dominate and the technical won’t be as