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Week Ahead: FOMC, US Jobs, EMU Inflation, JPY Pressure

April 27, 2024
The backing up of US rates did not lift the dollar broadly as it appeared to have done previously.  The dollar-bloc currencies, led by the Australian dollar, and sterling advanced last week, while the Swiss franc and Japanese yen were unable to find traction.  The Bank of Japan had an opportunity to have protested the yen's weakness more adama…
Week Ahead: FOMC, US Jobs, EMU Inflation, JPY Pressure Week Ahead: FOMC, US Jobs, EMU Inflation, JPY Pressure Reviewed by Marc Chandler on April 27, 2024 Rating: 5
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Where We Stand

April 12, 2024
I am on vacation, and then on a business trip that will interrupt the commentary until the weekly note on April 30. The May monthly analysis will be published the following week after the FOMC meeting and April employment report. I wanted to weigh in on a few key market issues before leaving. New Divergence: The continued robust US jobs growth (27…
Where We Stand Where We Stand Reviewed by Marc Chandler on April 12, 2024 Rating: 5
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Dollar Consolidates but Adjustment is Not Over

April 11, 2024
Overview:  Higher than expected US CPI for the third consecutive month drove US interest rates sharply higher and lifted the greenback broadly. The market appears to be catching its proverbial breath today, but the shallow consolidation suggests the moves are not over. The ECB meeting is likely to highlight the new divergence that has opened. The …
Dollar Consolidates but Adjustment is Not Over Dollar Consolidates but Adjustment is Not Over Reviewed by Marc Chandler on April 11, 2024 Rating: 5
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US CPI, New Security Initiatives with Tokyo and Manila, Bank of Canada Meeting US CPI, New Security Initiatives with Tokyo and Manila, Bank of Canada Meeting Reviewed by Marc Chandler on April 10, 2024 Rating: 5
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Dollar Consolidates Softer Ahead of Tomorrow's CPI

April 09, 2024
Overview: The dollar is trading with a softer bias in mostly narrow ranges against the G10 currencies. It did not rally much ahead of the US jobs data, and it was not able to sustain the upside momentum afterwards, despite the jump in US yields. Former St. Louis Fed President Bullard, who still has a strong reputation in the market, told Bloomberg…
Dollar Consolidates Softer Ahead of Tomorrow's CPI Dollar Consolidates Softer Ahead of Tomorrow's CPI Reviewed by Marc Chandler on April 09, 2024 Rating: 5
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Will the Market Push the Dollar Above JPY152 as Japanese Prime Minister Heads to the US? Will the Market Push the Dollar Above JPY152 as Japanese Prime Minister Heads to the US? Reviewed by Marc Chandler on April 08, 2024 Rating: 5
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Week Ahead: Strong US Jobs Data Failed to Sustain Dollar Rally, Can the March CPI do Better? Week Ahead: Strong US Jobs Data Failed to Sustain Dollar Rally, Can the March CPI do Better? Reviewed by Marc Chandler on April 06, 2024 Rating: 5
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