Note The table above is updated before publication with the latest consensus forecasts. However, the text charts are prepared ahead of time. Therefore there can be discrepancies between the forecasts given in the table above and in the text charts.
Rates as of 0500 GMT
I could go on endlessly about whats happening in the US, but this is a forex comment, not a political oped page piece. I just want to repeat someones observation thanks to the Republican Party, America is now a place where a President can lead a failed insurrection and still remain in power. And the elements that carried out that insurrection are not fringe either; it was the mainstream political right, as directed by the leader of the Republican Party and supported by the majority of elected Republicans in the House of Representatives. Were likely to see more of it on or before Jan. 20th, when Presidentelect Biden is inaugurated, only this time the Democrats will be in charge of security. Theyre not likely to be so accepting of rightwing terrorism. Watch out.
The other amazing thing then is that the currency of such a country would gain so much.
Various markets performed in a contradictory fashion. Looking at the FX market, it was a textbook riskoff move, with USD, CHF and JPY being the bestperforming currencies and the three commodity currencies at the bottom, with the risksensitive AUD leading the way down. Yet elsewhere it was a definite riskon environment US and emerging…