Results for Currency Movemeent
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US and Europe may Announce Tariff Truce

May 17, 2021
Overview:  There are two general developments as the busy week gets underway.  First, despite accelerated price readings in the US (CPI, PPI, import prices, and University of Michigan survey), US rates are soft.  The 10-year yield is near 1.61% after rising to 1.70% after the CPI surprise last week.  This, in turn, appears to be limiting the dolla…
US and Europe may Announce Tariff Truce US and Europe may Announce Tariff Truce Reviewed by Marc Chandler on May 17, 2021 Rating: 5
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The Commentariat Makes a Big Deal of Yellen's Comments, Markets Don't

May 05, 2021
Overview: Disappointing German, French, and Italian PMI reports helped send the euro to almost $1.1985, its lowest level in about two and a half weeks, and weighed on other regional currencies.  The dollar-bloc currencies are doing firmer, led by the New Zealand dollar.  The Reserve Bank of New Zealand indicated it was prepared to tighten mortgage…
The Commentariat Makes a Big Deal of Yellen's Comments, Markets Don't The Commentariat Makes a Big Deal of Yellen's Comments, Markets Don't Reviewed by Marc Chandler on May 05, 2021 Rating: 5
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May Fourth be with the Dollar

May 04, 2021
Overview:  After seeing its pre-weekend gains pared yesterday, partly due to some disappointing data, the US bounced back today.  It is posting broad gains, and the euro has been sold through last week's lows. Among the majors, the yen, sterling and Canadian dollar are holding up best with about a 0.25-0.30% loss through the European morning. …
May Fourth be with the Dollar May Fourth be with the Dollar Reviewed by Marc Chandler on May 04, 2021 Rating: 5
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US GDP: The V

April 29, 2021
Overview:  The market's initial reaction to the Federal Reserve statement and the press conference was that it was dovish: the 10-year yield slipped, and the dollar was sold to new lows.  In fact, the two countries that appear to be ahead of the curve among high-income countries, Canada and Norway, saw their currencies rally to new three-year …
US GDP: The V US GDP: The V Reviewed by Marc Chandler on April 29, 2021 Rating: 5
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Biden and Powell are Center Stage

April 28, 2021
Overview: It appears that the backing up of US yields is giving the dollar a better tone and challenging the Eurosystem, which has stepped up its bond purchases.  The US 10-year yield is around 1.65%, roughly a two-week high and back above the 20-day moving average.  European yields are mostly 2-4 bp higher, but benchmark UK yield is up six basis …
Biden and Powell are Center Stage Biden and Powell are Center Stage Reviewed by Marc Chandler on April 28, 2021 Rating: 5
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Markets Mark Time Ahead of Fed

April 27, 2021
Overview: Short-covering ahead of the FOMC's outcome tomorrow appears to be lending the US dollar support today.  It has extended yesterday's gains against the euro, sterling, and yen.  Among emerging market currencies, the Turkish lira, along with the South Korean won and Taiwanese dollar, lead the few advancers. In contrast, the South Af…
Markets Mark Time Ahead of Fed Markets Mark Time Ahead of Fed Reviewed by Marc Chandler on April 27, 2021 Rating: 5
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Greenback Slips into the Weekend

April 23, 2021
Overview:  Many narratives link the prospect of higher capital gains tax on about a third of 1% of Americans as the catalyst for losses in US equities yesterday (and Bitcoin) and weakness in some global shares today.  Of the large markets in the Asia Pacific region, only Japan, which is reimposing a formal emergency in Tokyo, Osaka, and two other …
Greenback Slips into the Weekend Greenback Slips into the Weekend Reviewed by Marc Chandler on April 23, 2021 Rating: 5
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ECB in Focus, while Australia Pokes the Panda

April 22, 2021
Overview:  The capital markets are mostly quiet ahead of the ECB meeting, today's highlight.  The rise in US equities yesterday is helping lift equities today.  The MSCI Asia Pacific Index snapped a two-day fall, and Europe's Dow Jones Stoxx 600 is rising for the second session.  US shares are little changed.  The bond market is subdued as…
ECB in Focus, while Australia Pokes the Panda ECB in Focus, while Australia Pokes the Panda Reviewed by Marc Chandler on April 22, 2021 Rating: 5
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