Dollar Mixed To Start The Week

Highlights The US dollar is mixed to start the week, though market conditions remain thin due to the holiday.  The constructive employment report before the weekend has kept the greenback bid against the euro and Swiss franc. …

What to Make of Swiss Franc

The SNB's apparent absence had emboldened the market, which has driven the euro to record lows against the Swiss franc.  The SNB had been clear.  It was still closely monitoring the Swiss franc even though it acknowledged that at…

Long Dollar Liquidation Featured

Highlights The US dollar is beginning the new week as it finished last week, with a heavy tone.  Position adjusting in the wake of the European/IMF deal and ahead of month end is the main driver.   Also prompting some…

Dollar Lower On Market Adjustments

Highlights The US dollar is broadly lower, though mostly within yesterday’s trading ranges, as the market adjusts positions in light of the European agreement on support for Greece.  This is the main market development.  However,…

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