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Greenback Remains Firm

August 16, 2022
Overview: After retreating most of last week, the US dollar has extended yesterday’s gains today. The Canadian dollar is the most resilient, while the New Zealand dollar is leading the decline with a nearly 0.75% drop ahead of the central bank decision first thing tomorrow. The RBNZ is expected to deliver its fourth consecutive 50 bp hike. Most em…
Greenback Remains Firm Greenback Remains Firm Reviewed by Marc Chandler on August 16, 2022 Rating: 5
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China Disappoints and Surprises with Rate Cut

August 15, 2022
Overview: Equities were mostly higher in the Asia Pacific region, though Chinese and Hong Kong markets eased, and South Korea and India were closed for national holidays. Despite new Chinese exercises off the coast of Taiwan following another US congressional visit, Taiwan’s Taiex gained almost 0.85%. Europe’s Stoxx 600 is advancing for the fourth…
China Disappoints and Surprises with Rate Cut China Disappoints and Surprises with Rate Cut Reviewed by Marc Chandler on August 15, 2022 Rating: 5
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Is the Dollar's Month-Long Pullback Over?

August 14, 2022
The bullish dollar narrative was fairly straightforward. Yes, the US main challengers, China and Russia, have been hobbled in different ways by self-inflicted injuries. Still, the driver of the dollar was the expected aggressive tightening by the Federal Reserve. The market accepted that after being a bit slower than ideal (though faster and befor…
Is the Dollar's Month-Long Pullback Over? Is the Dollar's Month-Long Pullback Over? Reviewed by Marc Chandler on August 14, 2022 Rating: 5
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Week Ahead: More Evidence US Consumption and Output are Expanding, and RBNZ and Norges Bank to Hike Week Ahead: More Evidence US Consumption and Output are Expanding, and RBNZ and Norges Bank to Hike Reviewed by Marc Chandler on August 13, 2022 Rating: 5
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Heading into the Weekend, Dollar's Downside Momentum Stalls

August 12, 2022
Overview: The markets are putting the finishing touches on this week’s activity. Japan, returning from yesterday’s holiday bought equities, and its major indices jumped more than 2%. China, South Korea, and Australia struggled. Europe’s Stoxx 600 is firmer for the third consecutive session. It is up about 1.3% this week. US futures are also firmer…
Heading into the Weekend, Dollar's Downside Momentum Stalls Heading into the Weekend, Dollar's Downside Momentum Stalls Reviewed by Marc Chandler on August 12, 2022 Rating: 5
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