Dollar off to a flat start for 2020 as others find the fizz
The dollar started the new year where it left the old one, on the back foot as investors wagered U.S. economic outperformance might be drawing to a close as optimism on trade brightens the outlook for growth globally.
Signs of progress in the Sino-U.S. trade dispute undermined the dollar for much of December, leaving its index down 1.9% on the month. It was up just a fraction on Thursday at 96.546 having touched a six-month trough ahead of the holidays.
The euro held at $1.1215, after gaining 1.8% in December to reach its highest since early August. It now looks set to challenge the August peak at $1.1249.
The dollar eased further on the Chinese yuan after shedding 1% last month to stand at 6.9630. It was also finely poised on the yen at 108.68, just a whisker from the December lows and major support around 108.40.
“A more encouraging global growth outlook and flush dollar liquidity conditions are undermining the USD,” said Elias Haddad, a senior currency strategist at Commonwealth Bank of Australia.
“Specifically, global fiscal/monetary policy settings will remain accommodative in 2020 and China’s growth slowdown is stabilising.”
China’s central bank on Wednesday cut the amount of cash that banks must hold as reserves, releasing around 800 billion yuan ($114.91 billion) to shore up the economy.
A survey of Chinese manufacturing out on Thursday showed activity was still expanding in December while confidence shot higher as trade tensions eased.
The dollar had benefited from U.S. economic outperformance for much of 2019, but an easing in Sino-U.S. trade concerns has boosted optimism that this year could favor other major nations.
While activity was light on Thursday, traders were on watch for any repeat of last January’s “flash crash” when massive stop-loss selling swept through an illiquid holiday-hit market.
There are fears the same could happen this week with Tokyo off and Japanese retail investors again heavily short of yen and long of risky high-yielding currencies, including the Turkish lira and the South African rand.
For liquidity reasons, these positions are usually “legged” through the U.S. dollar – selling yen for dollars and dollars for lira – so any mass unwinding roils more than just the yen crosses.
Yet, unlike last year, the authorities are on alert with the Financial Futures Association of Japan warning against wild moves.
The Federal Reserve has already averted a squeeze in lending markets as banks took only a small portion of its d $150 billion in year-end funding, leaving repo rates at the lowest since March 2018.
Source: CNBC
Comments (57)
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Find More Info here to that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] There you can find 93145 additional Information on that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Find More on to that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Here you can find 96602 additional Info on that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Find More Info here on that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
vonoprazan will decrease the level or effect of ferrous sulfate by inhibition of GI absorption cialis pills for sale
You are growing at such an extraordinary rate, that your body needs time to get used to it п»їcialis Certain excessive tanners sometimes referred to as tanarexics may be suffering from body dysmorphic disorder, a condition involving excessive preoccupation with a minor or an imagined defect
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Find More here to that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
Good article with great ideas! Thank you for this important article. Thank you very much for this wonderful information.
I think the admin of this site is really working hard for his website since here every stuff is quality based data.
This is my first time pay a quick visit at here and i am really happy to read everthing at one place
I do not even understand how I ended up here but I assumed this publish used to be great Watch خبر فوری بی بی سی فارسی امروز
… [Trackback]
[…] Here you will find 40619 more Information to that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
I really like reading through a post that can make men and women think. Also thank you for allowing me to comment!
This is really interesting You re a very skilled blogger. I ve joined your feed and look forward to seeking more of your magnificent post.
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
This is really interesting You re a very skilled blogger. I ve joined your feed and look forward to seeking more of your magnificent post.
Also I ve shared your site in my social networks!
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
Good article with great ideas! Thank you for this important article. dubai news live tv
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
24 best 4k ultra full hd porn sites ever 2023 redbled
http://big-breasted.babes.asian-umbrella.bloglag.com/?karla-monica
books for cash porn audrey porh teen small porn queen free granny big tits porn movies brother daughter porn
Get over 148 sexy casting couch x photos at freeones
http://african.american.gay.porn.sites.tiktokpornstar.com/?katrina-molly
free hardcore comix porn galleries viewsing free porn hidden cameras porn free mature sexual russian women porn lonelywolf porn
Ex pornstars who regretted their profession and have left
http://kiva.topxxx69.com/?nina-dana
kayl o riley porn porn shack uniforms britis milf porn tube japanese pussy porn hardcore free movie homemade porn mjeg
Ebony pulse tv black porn ebony full movie 520 videos
http://amped.xblognetwork.com/?alyssa-araceli
watching dog porn sara palin fake porn vids gay porn force free free porn forum download porn nun yellow
Data analytics in scrap metal industry Scrap aluminium reclamation technologies Aluminium scrap sorting techniques
Metal scrapping, Aluminum cable scrap dealers, Metal waste recycling services
It could have me read porn stephen fry shocked by ai cloning
http://everyfukingtime.huntsville.moesexy.com/?lydia-abigail
live porn wed cam shayla laveaux free porn beserk porn maria de jesus oprn sex not porn
Scrap metal reclamation and recovery services Aluminium scrap recovery solutions Aluminium recycling statistics
Scrap metal reclamation and recycling, Selling scrap aluminum cable, Scrap metal waste management
Ron hightower s white chicks 3 adult dvd excalibur films
http://hannover.aylin.gigixo.com/?patricia-angeline
mother an son cartoon porn porn 24×7 asian men straight porn greate free porn sites usa france frank martini polrn
Metal waste refabrication Scrap aluminum lifecycle analysis Aluminium scrap valuation
Scrap metal reprocessing centers, Aluminum cable shredders, Metal recycling and reclamation center
We hired a hot teenage babysitter and my husband slept with her
http://downloadsniperghost2.danexxx.com/?susan-elyssa
frees iphone porn long haired beauty porn free porn granny amateru tube porn farm pleasure porn
Metal scrap reclamation yard Scrap aluminium recovery techniques Scrap aluminium industry standards
Metal reclamation and recycling, Best practices for recycling aluminum cable, Scrap metal recycling solutions
Metal rejuvenation Scrap aluminium classification Scrap aluminium lifecycle assessment
Scrap metal recycling and reclamation, Aluminum cable recycling center, Scrap metal utilization centers
The 17 best websites to sell photos online 2024 shopify
http://hollister.rally-short.alypics.com/?katarina-johana
gay porn michael christopher sex porn black wife porn stories tube crazy dildo porn real amateur summitted porn mpegs
Metal scrap grading Aluminum scrap recycling centers Scrap aluminium material repackaging
Metal reusing facility, Recycling options for aluminum cable scrap, Scrap metal reclamation and utilization services
Mature talking dirty solo old pussy free mature porn videos at
http://asian.handicap-janiya.tiktok-pornhub.com/?macey-diamond
free young little porn hot chick porn videos wives fuck for money porn free very young asian tranny porn catergorized porn pics tgp
Fetish 673 030 videos best and free free tube porn videos
http://androidsexypromdressesmermaidqueens.dish.instasexyblog.com/?justine-paris
lenghty free porn clips long penis porn jayden jaymes porn videos high quality free porn movies long suzie porn
Metal recycling industry Scrap metal analysis services Iron and steel scrapping and recuperation
Ferrous material salvage, Iron scrap salvage yard, Metal reclaiming and reprocessing facility
Scrap metal brokering Ferrous scrap material testing Iron scrap reclamation center
Ferrous metal recycling expertise, Iron recycling and reuse, Metal waste reduction strategies
Metal recovery and reuse Ferrous metal recycling certifications Iron repurposing plant
Ferrous scrap machinery, Iron scrap reclamation processing, Scrap metal trade associations
Scrap metal redistribution Ferrous scrap recycling facility Iron scrap compaction
Ferrous material recovery systems, Iron and steel waste disposal, Scrap metal purchasing
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/dollar-off-to-a-flat-start-for-2020-as-others-find-the-fizz/ […]
Scrap metal prices Ferrous material reliability Iron scrap disposal
Ferrous material tools, Scrap iron processing, Metal recycling education