What happened
- February witnessed the buck recover by around 0.7%, about half of its January losses per the Bloomberg Dollar Spot Index
- Resource-based currencies dampened their outlooks as BRL and ZAR sank dramatically
- Australian Dollar and Kiwi (NZD) slowed their roll after central bank pessimism, labor lag
- GBP surged another 1.4% on improved chances of avoiding a “No-deal” Brexit
- Slightly more positive indicators prevented Euro from sinking more than half a percent
- Global equity markets felt revived by positive trade-issue talks with Dow Jones rising 3.4%
Tempus’ view
- March 29th may lose its importance in the Brexit realm as a delay is requested
- Euro will return to gains if economic performance shows expansion in indicators
- Mexican Peso could be set to lose ground after central bank downgraded GDP estimate
- The prospect of a negotiated trade deal between China and the U.S. could set the spark for greenback weakness
- Low volatility in markets due to uncertainty could fade in March and thus foster the increase in value of other assets
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