Insights

 

FX Daily
September 02, 2014 Posted by
The U.S. dollar index is rallying to the highest level since January on speculation that a strong U.S. economy will result is higher interest rates early next year.
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Observation Deck; Treasury Management
September 02, 2014 Posted by

SVB Asset Management’s monthly newsletter, Observation Deck, covers current topics on portfolio management, credit considerations and market events that influence investment strategy. The main article for the September edition, "Geopolitical Jitters," addresses the current economic recovery which is continuing to make progress domestically even as geopolitical events dominate headlines and weigh on investors’ minds.

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FX Daily
August 28, 2014 Posted by

Geopolitical tensions are negatively impacting the markets this morning. Global equities dropped, gold is higher, the USD is stronger, and the RUB sold off to a six month low on evidence that Russia has sent over 1,000 troops to fight in the Ukraine with the separatists.

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FX Daily
August 27, 2014 Posted by
The Euro strengthened from its lowest levels in nearly a year after Germany’s Finance Minister Wolfgang Schaeuble stated that ECB president Draghis’ comments regarding fiscal policy were “over –interpreted.” The currency’s modest advance comes ahead of tomorrow’s schedule release of German consumer price inflation, which is predicted to bolster the case for added ECB stimulus.
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FX Daily
August 26, 2014 Posted by

French President Hollande’s firing of industry minister Arnaud Montebourg for publicly criticizing austerity measures underscores the political crisis confronting the President as he tries to strike a balance between demands at home to revive a struggling economy and pressure from the EU to reduce deficits. Hollande’s approval rating is just 17% and unemployment is at a record high of 10.1%. It is under this backdrop that Hollande’s pledged EUR 50 billion in spending cuts over 3 years has been met with resistance. Montebourg’s critique of austerity referred Hollande’s measures as “slavish” and “dogmatic.”

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FX Daily
August 25, 2014 Posted by
ECB President Mario Draghi moved the markets, with bonds and stocks rallying and the EUR weakening, following comments he made at the central-banking conference in Jackson Hole on August 22nd that imply the ECB is contemplating quantitative easing as a means to avoid deflation. Draghi warned that bets by investors on prices have “exhibited significant declines”.
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FX Daily
August 22, 2014 Posted by
The strong dollar trend continues today (highest since Feb.) despite Fed Chairman Yellen's comments at the Jackson Hole symposium.
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FX Daily
August 21, 2014 Posted by
The positive USD trend has stalled today despite many positive U.S. economic reports (Philly Fed, home sales, leading indicators, PMI, and initial jobless claims) this morning.  The focus today is on Yellen’s much anticipated speech tomorrow in Jackson Hole.
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