Category Archives: Dollar

Why the dollar is weak – FT

Posted on January 25, 2018 by macromon

Authers dishes on the weak dollar. You know our suspicions (and just that – suspicions – as nobody really knows with certainty), which should negate some of this morning’s reversal on the president’s comments that sent shorts scrambling. Unless that … Continue reading →

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Rosie The Riveter Tweets A Red Flag

Posted on January 24, 2018 by macromon

Note the date of James Baker’s comment. January 24th, 2018: Steven Mnuchin to Davos: "A weaker dollar is good for us as it relates to trade and opportunities.” October 17th, 1987: James Baker to the Germans: "Either inflate your mark, … Continue reading →

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Dangerous Gambit Out Of Davos

Posted on January 24, 2018 by macromon

We woke to a comment out of Davos that surprised both us and the market. The U.S. Treasury Secretary, Steven Mnuchin, broke from tradition and welcomed a weaker dollar. “Obviously a weaker dollar is good for us as it relates … Continue reading →

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Is This Why The Dollar Is Tanking?

Posted on January 18, 2018 by macromon

Some nasty polling data out of Gallup about American global leadership that may explain, in part,  the dollar’s weakness, which is surprising to many given the strong economic data and ebullient equity markets. We thus suspect the weak Dixie is … Continue reading →

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Making The World Great Again

Posted on January 2, 2018 by macromon

Maybe President Trump should not read this but last year was all about “Making The World Great Again.” Financial Markets As the data and graphs illustrate below, the U.S. stock market was in the bottom quintile of performance in dollar … Continue reading →

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Dollar Index Breaks

Posted on August 29, 2017 by macromon

https://twitter.com/simonting/status/902435505513447424

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Dollar Index Spanked After FOMC – Nears Key Support

Posted on July 26, 2017 by macromon

The Dollar Index was spanked today after what the market percieved as a dovish FOMC statement.    Kind of odd as early inflation indicators starting to pick up. We were expecting a short-term rally as everyone is long the euro/dollar pair, … Continue reading →

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Dollar Index & Mexican Peso Dancing To The Same Tune

Posted on July 23, 2017 by macromon

What tune is that?   The Trump slump. Even though the Euro makes up almost 58 percent of the dollar index,  the dollar is going down  for the very same reasons the Mexican peso is going up.   The poor start … Continue reading →

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Almost All World’s Currencies Undervalued

Posted on January 27, 2017 by macromon

We’ve put together a couple of tables showing the undervaluation of the world’s currencies based on their 2016 purchasing power parity against the U.S. dollar. The Purchasing-power-parity (PPP) between two countries is the rate at which the currency of one … Continue reading →

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How Are Those “Crowded Trades” Doing?

Posted on January 17, 2017 by macromon

We take a look here at what BofA/Merrill Lynch has surveyed as the “most crowded trades” in the market.  Most are taking on water as the crowd is leaning to the same side of the boat. Big losses for Japanese … Continue reading →

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