Author

BBH FX Strategy Team 90 posts 0 comments

Brown Brothers Harriman is a global FX provider with 24 hour trading in New York headquarters and expert local Relationship Management teams in New York, London, Tokyo, and Hong Kong, BBH provides clients consistent and seamless FX trading coverage to ensure products of high quality and utility.

Markets

Dollar Firmer As European News Stream Remains Negative

BBH FX Strategy Team Dec 19, 2011

US dollar was firmer vs. majors Monday even as euro zone news stream remains negative; Moody's cut Belgium two notches Friday to Aa3 and kept a negative outlook. Euro short positions at record high on IMM; euro zone Finance Ministers to…

News

Downgrades, Upgrades and US Inflation

BBH FX Strategy Team Dec 16, 2011

The dollar is broadly weaker as news developments remain mostly positive, boosting sentiment. North American session sees US November inflation; euro likely supported today on short-covering rally. RBI left rates on hold at 8.5%, as…

News

Dollar Softer On Spain Auction, Firm Euro Zone PMI Readings

BBH FX Strategy Team Dec 15, 2011

The dollar is broadly weaker as Spanish auction goes well, euro zone PMIs better than expected. SNB held policy steady with no change to EUR/CHF floor. China, Singapore data help boost sentiment; Hungary reaches deal with banks on CHF…

News

Dollar Firm As Italy Yields Rise, Euro Zone IP Falls

BBH FX Strategy Team Dec 14, 2011

The dollar is broadly firmer as Italian yields rise at 5-year bond auction, euro zone IP falls.Swiss data weak ahead of SNB meeting tomorrow; Norges Bank seen cutting rates 25 bp. China data gives cover for more PBOC easing; RBA suggests…

News

Look for North America to Fade Euro Moves

BBH FX Strategy Team Dec 9, 2011

The dollar is broadly weaker as sentiment improves in the wake of an agreement on fiscal integration. European officials have struck what appears to be significant agreement; one of the costs is a new split in Europe as the UK and others…

News

Pending EU Summit May Curb Response to ECB

BBH FX Strategy Team Dec 8, 2011

The dollar is trading slightly firmer ahead of today’s ECB rate decision and tomorrow’s summit. We expect the ECB to cut by 25bps, with a possibility of a 50bps cut; look to fade knee-jerk reaction. Australia’s employment much weaker than…

News

Dollar Soft ahead of US Payrolls

BBH FX Strategy Team Dec 2, 2011

The dollar is trading on an easier footing as risk improves ahead of payrolls and hope of EZ action. US private payrolls expected to come in at 150k; strong report likely to be supportive of sentiment. Merkel calls for treaty changes in…

News

Dollar Stronger As Euro Concerns Intensify

BBH FX Strategy Team Nov 25, 2011

Euro continues to weaken as US markets reopen from holiday; consolidative price action Thursday is being replaced by a return to trend today, with dollar broadly stronger, EM and “risk” broadly lower. European equities are down, and futures…

News

ECB backs a weekly limit of 20bln euro for SMP purchases ahead of Spanish elections

BBH FX Strategy Team Nov 18, 2011

EuroStoxx 600 is off its lows but still down 0.4%, Asia shares mostly lower; dollar pares back gains. ECB backs a weekly limit of €20bln for SMP purchases; Malaysia reports robust Q3 growth. Looking at the four key drivers of dollar…

News

Sentiment Deteriorates Further After Tepid Spanish and French Auction Results

BBH FX Strategy Team Nov 17, 2011

EuroStoxx 600 is down over 1%, EZ bond yields mostly higher after Spanish and French bond auctions. Financial market stress (banking and credit) continues to intensify amid lack of progress on debt crisis. UK October retail sales saw…