### United States After a sharp decline in US yields, a sell-off in equities, and a depreciating dollar prompted by the Philadelphia Fed’s non-manufacturing activity survey and a drop in the Consumer Confidence Index, markets display a tentative stability today. The US dollar shows slight gains, primarily maintaining yesterday’s ranges against major currencies. Notably, President Trump included copper in the list of potential tariff targets, causing May copper to rally by nearly 5.2% from recent lows. However, prices have now …
Month: February 2025
# United States The US 10-year Treasury yield has dropped to a fresh two-month low near 4.33%, amidst a $70 billion auction of five-year notes. This follows a strong demand for two-year floating rate notes. The benchmark 200-day moving average stands close to 4.25%, having peaked at around 4.80% in mid-January. Initially, the dollar saw temporary strength from President Trump’s statement that tariffs on Mexico and Canada are still anticipated, though reports suggest no specific timeframe has been established. Consequently, …
### United States Many observers express confusion over the faltering “Trump trade,” marked by a rally in the dollar that has not fully materialized. Interestingly, a similar situation unraveled from late last September when the Federal Reserve enacted a 50 basis point rate cut. The Dollar Index saw significant appreciation, rising about 10% until just before President Trump’s second inauguration. However, recent trends have shown a reversal, with the currency losing some of its gains after mid-January. The upcoming week …