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Covid Wave Knocks Euro Down and to new 6-year Lows Against the Swiss Franc

November 19, 2021
Overview:  Concerns about the virus surge in Europe cut short the euro's bounce and sent it back below $1.1300 and are also weighing on central European currencies, including the Hungarian forint, despite yesterday's aggressive hike of the one-week deposit rate.  Austria has reintroduced a hard 20-day lockdown.  Germany's health minist…
Covid Wave Knocks Euro Down and to new 6-year Lows Against the Swiss Franc Covid Wave Knocks Euro Down and to new 6-year Lows Against the Swiss Franc Reviewed by Marc Chandler on November 19, 2021 Rating: 5
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US Retail Sales and Industrial Output to Accelerate; China not so Much

November 13, 2021
At the halfway point of Q4, the markets' focus is on three things:  inflation, growth, and central banks' response. With US and Chinese October inflation readings behind us, the focus shifts to the real economy's performance, the world's two largest economies reporting retail sales and industrial production figures.   Helped by str…
US Retail Sales and Industrial Output to Accelerate; China not so Much US Retail Sales and Industrial Output to Accelerate; China not so Much Reviewed by Marc Chandler on November 13, 2021 Rating: 5
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Falling Yields Give the Yen a Boost

November 09, 2021
Overview: Reports that the Fed's Brainard was interviewed for the Chair helped soften yields a bit, not that they needed extra pressure, on ideas she is more dovish than Powell.  In turn, the lower yields saw the yen rise to its best level in nearly a month and led the major currencies higher against the dollar.  The yen is joined by the Scand…
Falling Yields Give the Yen a Boost Falling Yields Give the Yen a Boost Reviewed by Marc Chandler on November 09, 2021 Rating: 5
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US Employment Data is Important but for the Millionth Time, Don't Exaggerate It US Employment Data is Important but for the Millionth Time, Don't Exaggerate It Reviewed by Marc Chandler on August 06, 2021 Rating: 5
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What to Look at Next Week

March 27, 2021
The US dollar extended its recent gains even as the yield on the 10-year Treasury pulled back by more than 15 basis points.  The euro, the 7-Up to the dollar's cola, fell to its lowest level since last November and the greenback rose to new highs for the year against most of the major currencies, save sterling and the Canadian dollar.  While r…
What to Look at Next Week What to Look at Next Week Reviewed by Marc Chandler on March 27, 2021 Rating: 5
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Equities Try to Stabilize and Low Short-Term Rates Help Keep the Dollar on the Defensive Equities Try to Stabilize and Low Short-Term Rates Help Keep the Dollar on the Defensive Reviewed by Marc Chandler on February 24, 2021 Rating: 5
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Darkest Before Dawn

January 16, 2021
The upcoming economic news is likely to be dreadful, and if it is not dreadful, it will be mostly ignored. This includes the release of the preliminary January PMI figures at the end of the week. Japan is extending its national emergency to another five prefectures, which collectively account for over half of the nation's GDP.  Germany's M…
Darkest Before Dawn Darkest Before Dawn Reviewed by Marc Chandler on January 16, 2021 Rating: 5
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The Risks of Pro-Cyclical Policy

February 22, 2018
The idea that monetary and fiscal policy can and ought to be used to ameliorate the business cycle, to avoid the kind of boom/busts that lead to social instability and radical ideologies is a rather modern notion, and it remains somewhat controversial.   Many now see it as hubris that policymakers can tame the business cycle.   However, for those …
The Risks of Pro-Cyclical Policy The Risks of Pro-Cyclical Policy Reviewed by Marc Chandler on February 22, 2018 Rating: 5
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