Broad dollar strength The market is sending uneasy signals. Stocks are holding up but there's a flight to the US dollar in FX, in particularly against commodity currencies and EM.
Blogs
Bank of America: Sees EURUSD at 1.0800 by end of 3Q
Rasied target from 1.0200 Athanasios Vamvakidis, head of G 10 currency strategy said:
Arizona reports a record 2519 new coronavirus cases
Arizona is a hotspot for coronavirus now The detailed statistics from Arizona – a new hotspot for the coronavirus – are showing: – Confirmed Cases: 43,443 – Daily Case Increase: 2,519 (+6.2%)(record) President Trump is on a collision course with the state's increase in cases as he will be holding a ral
OPEC+ makes no recommendations to extend record oil cuts into August
This is as expected OPEC+ makes no recommendations to extend record oil cuts in August. This is as expected. The price of crude oil futures $38.43. That is up $0.47 or 1.34%
Texas coronavirus hospitalizations rose 5.5% in past 24 hours vs +11% a day ago
The latest hospitalization numbers in Texas Texas hospitalizations rose 5.5% in past 24 hours vs +11% a day ago The total is 2947 now, up 218 from yesterday. This chart doesn't include today:
Florida coronavirus cases rise 3.9% vs 7-day average of 2.5%
The latest virus data from Florida on Thursday, June 18, 2020: This isn't a case of more testing. The number of tests hasn't significantly risen for a month. Here's the chart of cases, which doesn't include today at +3206:
UK coronavirus cases rise by 1218 vs 1115 a day ago
The latest numbers from the UK These numbers are way down from the peak but if you go back to early March, there were far fewer than 1200 cases and it didn't take long for a spike. With the economy reopening and people soon-to-be riding the tube again, there is still fertile ground for a […]
A look at the uneasy state-of-play in Washington stimulus discussions
$1 trillion? $2 trillion? One of the biggest factors for how the US dollar reacts in the month ahead will be the contours of the next round of US government stimulus.