Forex considerations thread

Now below parity!

Euro tanks on horrid USA inflation report

Today’s report in the USA will support, will strengthen, the Fed’s hand regarding higher American interest rates. Obviously the war in Europe is hurting the euro, too.

Twenty years of euro dominance blown to smithereens. This is historic stuff.


Loonie strength attributable to Bank of Canada courage

The Canadians are not fooling around and have taken the bull by the horns!


I would love for

While I hope they raise rates through the roof, as I’ve got RRSP funds there, The $Cdn seems to slide between 1.5 and parity. Sadly, if they raise rates too high (in the direction of parity), the Canadian economy will tank. They need their dollar to be weak, unless commodities skyrocket. :frowning:

comment seen elsewhere, on the shaky crypto and other currencies out there :slight_smile:

the Euro Stablecoin already broke parity

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Unstoppable Dollar Risks Worsening $71 Billion Asia Stock Exodus

Feel good if most of your assets are held in American dollars! :grinning:

The dollar’s relentless rise is threatening to trigger more outflows from Asia’s emerging-market shares, spoiling hopes of the region making a comeback in the second half.

The dollar has steamrolled through global currency markets lately, benefiting from bets on aggressive Federal Reserve rate hikes.

Prob’ly important to remember, though, that “The Lord giveth and The Lord taketh away” (Job 1:21).


FOREX-U.S. dollar posts broad gains after unexpectedly strong jobs data

NEW YORK, Aug 5 (Reuters) - The dollar rallied across the board on Friday, notching its biggest daily percentage gain since mid-June against the yen, after a stronger-than-expected U.S. payrolls report suggested the Federal Reserve may need to continue aggressively raising interest rates in the near term.

“This is a much stronger report than was expected. … What it means is the Fed cannot pivot at this point. The Federal Reserve has to continue to hike rates. The folks who are saying let’s take it more slowly are being shoved aside here with this report,” said Axel Merk, president and chief investment officer at Merk Investment in Palo Alto, California.

Link to article

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