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The Greenback does Not Look Ready to Break Down Quite Yet

October 25, 2020
The US dollar had a tough week, falling against all the major and most emerging markets currencies.  The weakness came in the face of higher US yields and a wider premium over most other high-income countries. The US 10-year yield almost 10 bp, the most in a couple of months to settle around 0.84%, after reaching the highest level since early June…
The Greenback does Not Look Ready to Break Down Quite Yet The Greenback does Not Look Ready to Break Down Quite Yet Reviewed by Marc Chandler on October 25, 2020 Rating: 5
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Big Week Ahead

October 24, 2020
A two-week period is about to begin that could usher in a new phase for the global capital markets.  Most of the major central banks hold policy meetings, and the US and Europe report the preliminary estimates of Q3 GDP.  The US holds its national elections. A clearer sense of UK-EU trade talks ahead of the mid-November summit is likely.  China ho…
Big Week Ahead Big Week Ahead Reviewed by Marc Chandler on October 24, 2020 Rating: 5
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Disappointing PMIs may Sharpen ECB's Dovishness but the Euro Remains Firm

October 23, 2020
Overview:  The US dollar is finishing the week on a soft note, falling against all the major currencies.  On the week, it is off by at least one percent against most of them, with the Australian and Canadian dollars and Japanese yen, laggards, rising 0.5%-0.75%.  Emerging market currencies are largely participating, as well.  The JP Morgan Emergin…
Disappointing PMIs may Sharpen ECB's Dovishness but the Euro Remains Firm Disappointing PMIs may Sharpen ECB's Dovishness but the Euro Remains Firm Reviewed by Marc Chandler on October 23, 2020 Rating: 5
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Greenback Stabilizes

October 22, 2020
Overview:  Two sets of talks have riveted attention, and both appeared to have made progress yesterday. After some words, the EC, recognizing the importance of UK sovereignty, UK Prime Minister Johnson signaled a resumption of trade talks. In the US, Pelosi and Mnuchin appear to be on the verge of a deal. The dollar is consolidating yesterday'…
Greenback Stabilizes Greenback Stabilizes Reviewed by Marc Chandler on October 22, 2020 Rating: 5
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Dollar Slumps as Yields Rise

October 21, 2020
Overview:  The dollar is falling against most of the world's currencies today, even as long-term yields rise to the most in four months and drags global yields higher.  The US 10-year yield is pushing above 0.80%, and the 30-year is above 1.60%.  Many are linking the backup in yields to prospects of additional fiscal support.  European benchma…
Dollar Slumps as Yields Rise Dollar Slumps as Yields Rise Reviewed by Marc Chandler on October 21, 2020 Rating: 5
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Narrowly Mixed Markets as Clearer Direction Sought

October 20, 2020
Overview:  The capital markets lack a clear direction today.  This is reflected in narrowly mixed equities, bonds, and currencies.  The spreading contagion is giving rise to new economic concerns, among other things, and the UK-EU talks are struggling to resume, while Pelosi-Mnuchin talks in the US continue to drag.  In the Asia Pacific region, Ja…
Narrowly Mixed Markets as Clearer Direction Sought Narrowly Mixed Markets as Clearer Direction Sought Reviewed by Marc Chandler on October 20, 2020 Rating: 5
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Sterling Sparkles in Dollar Setback

October 19, 2020
Overview:  Investors have not let the surge of the virus or uncertainty over the UK-EU talks or US fiscal stimulus to stand in their way.  Sterling is leading the major currencies higher, returning to the $1.30 area, while global equities are trading higher.  In the Asia Pacific region, Chinese shares, and Thailand, where large-scale protests cont…
Sterling Sparkles in Dollar Setback Sterling Sparkles in Dollar Setback Reviewed by Marc Chandler on October 19, 2020 Rating: 5
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