Stephen Jen,
a former economist at the International Monetary Fund and Morgan Stanley, came
up with a theory that explains how the USD behaves in different circumstances and
called it “The Dollar Smile Theory”.

 

The dollar
smile theory states that the USD tends to strengthen both when the US ec

The November 2019 high of 1.973% is the gatekeeper for 2% US Treasury yields. A slip through that level could set off stops through the figure. I expect a big challenge of that level around Thursday’s US CPI report but it could come sooner.
Today yields rose as high as 1.960% but we’ve seen

Prior 98.9The index slips to an 11-month low (lowest since February last year) amid persistent worker shortages and higher prices for materials. Supply and capacity constraints being the glaring factors leading to those issues. On the price front, the share of small businesses raising average sellin

French president Macron’s words here may be a bit of a trigger but honestly, I don’t see much in that to suggest that there is any material receding in tensions between Russia and Ukraine. Not when the Kremlin already sent out its own message earlier here.
But as mentioned earlier, oil could be faci