EUR/USD and Differential in Balance Sheet Growth Fed – ECB Chart suggesting that differentials in balance sheet growth between the Fed and the ECB have pushed the U.S. dollar higher. Image: BofA Merrill Lynch Global Research
EUR/USD and Real 10-Year Yield Chart showing EUR/USD against real 10-year yield differentials, which are a fundamental long-term factor for currency pairs. Image: Societe Generale Cross Asset Research
European Economic and Monetary Union (EMU) Inflows and EUR/USD European Economic and Monetary Union (EMU) inflows usually suggest a weaker U.S. dollar. Image: Morgan Stanley
Fed’s Broad USD and Cyclicals vs. Defensives This chart suggests that current equity market rotation weakends the U.S. dollar. Image: Morgan Stanley Research
Chinese Yuan (USD/CNY) and Tariffs Trade-sensitive Chinese yuan could move lower with tariffs headlines. Image: Wells Fargo Investment Institute
Core Inflation Difference (vs. U.S. core PCE) Leads EUR/USD This chart suggests that the core inflation difference (vs. U.S. core PCE) leads the EUR/USD by four months. Image: Nordea and Macrobond
Citi Economic Surprise Index vs. EUR/USD Weaker European growth relative to the U.S. could weaken Euro/U.S. Dollar. Image: Credit Suisse
China: Chinese Firms Reliance on USD-denominated Debt Chinese firms reliance on USD-denominated debt is lower than other emerging markets. But a weakened yuan would hurt Chinese firms. Image: Institute of International Finance
U.S. Dollar to China Yuan (USD/CNY) Leads Semiconductor Sales This chart suggests that the U.S. Dollar to China Yuan (USD/CNY) leads semiconductor sales by four months. Keep a close eye on USD/CNY. Image: Nordea and Macrobond
EUR/USD and 10-Year Rates Differential The chart shows the Euro vs. US Dollar (EUR/USD) and how a 10-year rates differential corresponds to a stronger or weaker US dollar. Image: Oxford Economics, Macrobond