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9 Feb 2016
Dollar remains strongest vs trading partner's - BBH
Analysts at Brown Brothers Harriman noted the dollar remaining at record highs vs the top five trading partners.
Key Quotes:
"Look at the top five US trading partners."
"The dollar remains near record highs against the Mexican peso, which is off nearly 4% since the end of last month. This is the negative emerging market sentiment and partly a function of the inability of oil to carve out a convincing low. For all practical purposes, it is flat against the Chinese yuan."
"Despite the heaviness of oil prices, the Canadian dollar is slightly firmer now compared at the end of January. However, the currencies of the other two main trading partners have seen their currencies rise more significantly. The yen has gained 5.8% since the end of January, and the euro has risen 4.25%. "
Key Quotes:
"Look at the top five US trading partners."
"The dollar remains near record highs against the Mexican peso, which is off nearly 4% since the end of last month. This is the negative emerging market sentiment and partly a function of the inability of oil to carve out a convincing low. For all practical purposes, it is flat against the Chinese yuan."
"Despite the heaviness of oil prices, the Canadian dollar is slightly firmer now compared at the end of January. However, the currencies of the other two main trading partners have seen their currencies rise more significantly. The yen has gained 5.8% since the end of January, and the euro has risen 4.25%. "