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Dollar Comes Back Bid, as First Republic Taken Over (Mostly) by JP Morgan

May 01, 2023
Overview: Most markets are closed for the May Day holiday. News that JP Morgan will acquire most of First Republic assets will be a relief for the markets. US equity futures are slightly firmer, and the 10-year Treasury yield is around three basis points higher, slightly above 3.45%. Recall that before the weekend, it has fallen from almost 3.55% …
Dollar Comes Back Bid, as First Republic Taken Over (Mostly) by JP Morgan Dollar Comes Back Bid, as First Republic Taken Over (Mostly) by JP Morgan Reviewed by Marc Chandler on May 01, 2023 Rating: 5
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Greenback Pares Yesterday's Gains

April 11, 2023
Overview: As the long-holiday ends, risk appetites have returned. Equities and yields are mostly higher. The dollar is seeing yesterday's gains pared. Yesterday's setback in the yen helped lift Japanese stocks, with the Nikkei advancing 1%. Several other markets in the region also gained more than 1%, including Australia and South Korea. C…
Greenback Pares Yesterday's Gains Greenback Pares Yesterday's Gains Reviewed by Marc Chandler on April 11, 2023 Rating: 5
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The Dollar Jumps Back

March 24, 2023
Overview: The pendulum of market expectations has swung dramatically and now looks for 100 bp cut in the Fed funds target this year. That seems extreme. At the same time, the dollar's downside momentum has stalled, suggesting that the dollar may recover some of the ground lost recently as the interest rate leg was knocked out from beneath it. …
The Dollar Jumps Back The Dollar Jumps Back Reviewed by Marc Chandler on March 24, 2023 Rating: 5
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Market Hears Dovish Fed Hike and Sells Dollars

March 23, 2023
Overview:  The dollar remains under pressure following the Federal Reserve's rate hike. The market thinks it heard that the Fed was done hiking, even though Fed Chair Powell held out the possibility that "some additional firming may be necessary."  The Norwegian krone is the strongest of the G10 currencies today, up more than 1%, spu…
Market Hears Dovish Fed Hike and Sells Dollars Market Hears Dovish Fed Hike and Sells Dollars Reviewed by Marc Chandler on March 23, 2023 Rating: 5
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North America likely will Sell USD Bounce Seen in Europe

February 02, 2023
Overview: The failure of the Federal Reserve to push harder against the market's dovish views and the easing of financial conditions encouraged a risk-on trade that saw the dollar and yields slump and equities rally. There has been limited follow-through dollar selling today, and a small recovery ahead of the Bank of England and European Centr…
North America likely will Sell USD Bounce Seen in Europe North America likely will Sell USD Bounce Seen in Europe Reviewed by Marc Chandler on February 02, 2023 Rating: 5
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Johnson Resigns, but Still not Clear if He Controls the Timing

July 07, 2022
Overview: The resignation of a UK prime minister makes for high political drama, but the markets hardly moved on it. Sterling, like most of the major currencies, are recovering against the dollar today. UK equities are higher but are not really outperforming their peers. Asia Pacific bourses rallied, with Taiwan leading the way with a 2.5% surge. …
Johnson Resigns, but Still not Clear if He Controls the Timing Johnson Resigns, but Still not Clear if He Controls the Timing Reviewed by Marc Chandler on July 07, 2022 Rating: 5
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No Turn Around Tuesday

June 28, 2022
Overview: The global capital markets are calm today. Most of the large bourses in the Asia Pacific extended yesterday’s gain. Europe’s Stoxx 600 is advancing for the third consecutive session and is near two-and-a-half week highs. US futures are around 0.5% higher. Benchmark 10-year yields are rising, with German and French rates 9-10 bp higher. P…
No Turn Around Tuesday No Turn Around Tuesday Reviewed by Marc Chandler on June 28, 2022 Rating: 5
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Johnson's Ability to Lead Tories into Victory at Risk with Today's By-Elections Johnson's Ability to Lead Tories into Victory at Risk with Today's By-Elections Reviewed by Marc Chandler on June 23, 2022 Rating: 5
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