US Dollar Funding Stress May Be Checked with Fed FIMA Scheme

Federal Reserve Foreign and International Repurchase Program, Talking Points: The Fed’s latest coronavirus mitigation program is a powerful backstop for Dollar funding It offers markets reassurance that the Fed accepts responsibility for credit beyond US shores Coupled with existing Dollar swap lines that makes a big difference Growth correlated assets such as stocks, commodity currencies and energy have been beaten

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Indian Rupee May Fall as US Dollar, USD/INR Rise on Virus Cases

Indian Rupee, US Dollar, USD/INR, Coronavirus, RBI, India – Talking Points Indian Rupee declined as gauge of local manufacturing activity fell Increasing Indian coronavirus cases may prolong social distancing USD/INR may gain down the road but faces fading momentum now Indian Rupee Declines as US Dollar Gains, Where to? Indian Rupee selling pressure was reignited against the US Dollar in

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Australian Dollar Firms As China Services PMI Bounces Back

Australian Dollar, China Caixin Service Purchasing Managers Index Talking Points: China’s Caixin March Service PMI hit 43.0, well above the previous month’s 26.5 This strong performance mirrors the official PMI series already released AUD ticked up, but market risk sentiment remains extremely fragile The Australian Dollar made modest gains Friday on news that China’s private service sector saw a big

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Canadian Dollar, Crude Oil Gain on Saudi-Russia Output Cut Confusion

Canadian Dollar, USD/CAD, Crude Oil, Trump, Saudi Arabia, Russia – Asia Pacific Market Open Canadian Dollar gains as crude oil prices soar in a volatile session Investors navigated confusion around Saudi-Russia output cut bets S&P 500 futures mixed before Asia trade as USD/CAD consolidates Canadian Dollar Gains as Crude Oil Soars as Investors Investigate Production Cuts The Canadian Dollar was

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