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The Context 03.23.20

The USD Week - Bias is Neutral-to-Bullish

A very tentative possible triple top between 102.93-00 and there is a feeling that the Dollar might have lost some of its allure following Friday's news that California issued a statewide 'stay in place' order.

Euro Corp Comment: Unilever And ENGIE Pay Up But Show Deals Can Get Done

Euro IG/split-rated corporate issuance jumped to EUR4.5bn last week (from EUR800m), all of which came on Friday courtesy of Unilever and ENGIE which made the most of a more upbeat broader tone to secure funding.

Whatever Happened to The Safe Haven Czech Koruna?

Another currency that has slid down the performance ranking this year is the Czech Koruna, which has come under increasing sell pressure over the past month, to leave EUR/CZK pushing above the 27 handle on 16 March for the first time since the floor was removed in April 2017.

The Context

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