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March 4, 2021 Daily FX Market Roundup 03.04.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar traded sharply higher against all of the major currencies after Federal Reserve Chairman Powell expressed little to no concern about the recent spike in yields. Ten year Treasury yields climbed 4%, closing in on one year high. Stocks crashed in response with the Dow Jones Industrial Average falling more than -300 points. The spike in yields is bad for stocks...

February 4, 2021 Daily FX Market Roundup 02.04.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Investors have been bidding up the US dollar all week and now they are wondering if Friday’s non-farm payrolls report could drive EUR/USD to fresh 2 month lows or USD/JPY above 106. NFPs are the most important piece of data for the US this week but over the past year, we’ve seen a diminishing impact on currencies. That mostly had to do with vaccine optimism and how ...