Results for Krona
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Dollar Mixed, Holiday Lull Beginning

December 12, 2013
The US dollar is trading in a mixed fashion as North American participants return to their posts.  The breadth of the dollar's decline has narrowed in recent weeks, concentrated primarily against the euro, sterling and currencies that move within their orbits.  The greenback has done well against the yen, dollar-bloc and many emerging market c…
Dollar Mixed, Holiday Lull Beginning Dollar Mixed, Holiday Lull Beginning Reviewed by Marc Chandler on December 12, 2013 Rating: 5
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Dovish Draghi Unlikely to Derail Euro

December 05, 2013
The euro was bid to new highs for the move earlier in Asia to $1.3640 before pulling back to the figure to await the ECB meeting.  It is notable that the euro remains bid even as the market expects dovish comments from ECB President Draghi and, after yesterday's strong ADP jobs estimate, increased speculation of near-term slowing of the Fed…
Dovish Draghi Unlikely to Derail Euro Dovish Draghi Unlikely to Derail Euro Reviewed by Marc Chandler on December 05, 2013 Rating: 5
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Dollar Surrendering Yesterday's Upticks

December 03, 2013
The US dollar upticks yesterday did not appear to be driven by fundamental considerations, even though the ISM and construction data were favorable, and some estimates for revisions to Q3 GDP due later this week, may have increased to 3.3%-3.4% (from the 2.8% preliminary read). 
Today is seeing yesterday's gains pared, but the market seems more…
Dollar Surrendering Yesterday's Upticks Dollar Surrendering Yesterday's Upticks Reviewed by Marc Chandler on December 03, 2013 Rating: 5
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Dollar Mixed, but in a Different Way than Last Week

December 02, 2013
The US dollar is beginning the new week on mixed footing, though the mixed performance is somewhat different than last week.  The euro and Swiss franc are heavier, while the Antipodean currencies are stronger.  On the other hand, with continuity with last week, sterling has continued to march ahead, while the yen remains on its back foot.  
Initial…
Dollar Mixed, but in a Different Way than Last Week Dollar Mixed, but in a Different Way than Last Week Reviewed by Marc Chandler on December 02, 2013 Rating: 5
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Currency Positioning and Technical Outlook: Dollar and Yen Downside Risks Persist Currency Positioning and Technical Outlook: Dollar and Yen Downside Risks Persist Reviewed by Marc Chandler on November 30, 2013 Rating: 5
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Dollar Weak, but Little Changed

November 29, 2013
There has been much news for investors to digest, but the foreign exchange market is becalmed, though the US dollar remains vulnerable.   While most of the major currencies are little changed, the Norwegian krona stands out as an exception.  It has shed almost 0.7% against the dollar and nearly the same against the euro.  
The ostensible cause was…
Dollar Weak, but Little Changed Dollar Weak, but Little Changed Reviewed by Marc Chandler on November 29, 2013 Rating: 5
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FX Becalmed as Euro Recoups Yesterday's Losses

November 26, 2013
The US dollar has mostly been confined to yesterday's ranges.  This means there has not been follow through buying after yesterday's rather unexpected gain.     The news stream has been light.  Global equity markets are mostly lower and bond markets firmer.

The euro rose to a four-session high just above $1.3570, helped by supportive commen…
FX Becalmed as Euro Recoups Yesterday's Losses FX Becalmed as Euro Recoups Yesterday's Losses Reviewed by Marc Chandler on November 26, 2013 Rating: 5
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Consolidating USD's Recent Losses

November 25, 2013
The US dollar is firm against most of the major currencies, consolidating the losses from the end of last week and extending its gains against the yen to almost JPY102.    The weekend nuclear deal with Iran has seen a spurred a sharp drop in oil prices and may be helping buoy stocks.   A sustained fall can boost household purchasing power or profi…
Consolidating USD's Recent Losses Consolidating USD's Recent Losses Reviewed by Marc Chandler on November 25, 2013 Rating: 5
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Dollar Mixed on Day and Week Amid Much Noise Around Constant Signal

November 22, 2013
It has been difficult to talk about the US dollar in general terms.  It continues to be mostly softer against the European complex, but firmer against the yen and the dollar-bloc currencies.  Although there has been much talk this week, the forces shaping the investment climate have not really changed.  
The Fed, as the vast majority of survey resp…
Dollar Mixed on Day and Week Amid Much Noise Around Constant Signal Dollar Mixed on Day and Week Amid Much Noise Around Constant Signal Reviewed by Marc Chandler on November 22, 2013 Rating: 5
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Japan and UK in Focus

November 13, 2013
The foreign exchange market has turned quiet, but there are two developments to note.  First, Japanese traders, like their North American counterparts were reluctant to take the US dollar above the downtrend line drawn off the July and September highs.  It comes in just below the JPY100 level.  The greenback has been confined to a tight 25 tick r…
Japan and UK in Focus Japan and UK in Focus Reviewed by Marc Chandler on November 13, 2013 Rating: 5
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Dollar Bid on Tapering Thoughts and Disinflation in Europe

November 12, 2013
Armistice Day in Europe and Veterans' Day in the US yesterday denied investors an overall theme, but today the drivers are clear: rising long-term US interest rates are taking place amid falling price pressure in Europe.
On its own, the former has helped lifted the dollar to nine week highs against the yen, stopping just shy of the JPY100 l…
Dollar Bid on Tapering Thoughts and Disinflation in Europe Dollar Bid on Tapering Thoughts and Disinflation in Europe Reviewed by Marc Chandler on November 12, 2013 Rating: 5
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Partial Shutdown US Government Weighs on Dollar, but Equities Recover and Bonds Ignore Partial Shutdown US Government Weighs on Dollar, but Equities Recover and Bonds Ignore Reviewed by Marc Chandler on October 01, 2013 Rating: 5
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Position Adjusting Ahead of the Weekend

September 13, 2013
The main feature of the capital markets is mild position squaring ahead of the weekend as next week's FOMC meeting looms large. The US dollar is a firmer, paring this week's declines, while equity markets are mostly lower, unwinding part of the gains seen in the first part of the week. Bond markets are also trading heavily. 
A Wall Street…
Position Adjusting Ahead of the Weekend Position Adjusting Ahead of the Weekend Reviewed by Marc Chandler on September 13, 2013 Rating: 5
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US Jobs to Cap Big Week

August 02, 2013
The US dollar is mostly consolidating yesterday's gains, with a few exceptions. The Australian dollar is trading at new multi-year lows, below $0.8900 as the market positions for not only an RBA rate cut next week, but signals from the central bank that there is still scope for additional cuts. The Canadian dollar is also seeing following t…
US Jobs to Cap Big Week US Jobs to Cap Big Week Reviewed by Marc Chandler on August 02, 2013 Rating: 5
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Calmer Markets, but Precariously So

June 25, 2013
A number of factors have helped stabilize the capital markets today. A partial recovery of US equities helped, though it took a nearly full recovery of the Shanghai Composite from an initial 5.5%+ decline to help lift the European markets. The recovery of US Treasuries yesterday and follow through today have help global bond markets recouped som…
Calmer Markets, but Precariously So Calmer Markets, but Precariously So Reviewed by Marc Chandler on June 25, 2013 Rating: 5
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Ten Developments to Note

June 20, 2013
The dollar is the king of castle, extending yesterday's post-Fed rally across the board. Emerging market currencies have been particularly hard hit and we note that the Turkish lira is at new record lows.  Asset markets are also under strong downward pressure. The MSCI Asia-Pacific Index lost 4%. The MSCI Emerging Markets Index is off about…
Ten Developments to Note Ten Developments to Note Reviewed by Marc Chandler on June 20, 2013 Rating: 5
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Narrowing Spreads Fail to Lift Euro, Dollar Holds Below JPY100

April 23, 2013
There are two main developments today.  The first is the disappointing flash PMI readings from China and the euro zone.  The second is a continued rally in European bonds in both absolute terms and relative to Germany.  The reduced risk premium in Europe has not coincided with gains in the euro, but to the contrary, the euro has fallen to two wee…
Narrowing Spreads Fail to Lift Euro, Dollar Holds Below JPY100 Narrowing Spreads Fail to Lift Euro, Dollar Holds Below JPY100 Reviewed by Marc Chandler on April 23, 2013 Rating: 5
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Currency Positioning and Technical Outlook: Interesting Contrarian Opportunities Currency Positioning and Technical Outlook: Interesting Contrarian Opportunities Reviewed by Marc Chandler on January 26, 2013 Rating: 5
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A Few Developments Augment Holiday Mood

December 18, 2012
The US dollar is mixed.  Softer against the European complex, but firmer against the dollar bloc.  It is essentially flat against the yen.  Equity markets are advancing and the Nikkei, which gapped above the 3-year downtrend line yesterday, extended its gains by another 1%.   Spanish and Italian bond yields are lower.
Japanese yields continue to …
A Few Developments Augment Holiday Mood A Few Developments Augment Holiday Mood Reviewed by Marc Chandler on December 18, 2012 Rating: 5
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Mr Market Feeling Better

November 29, 2012
Mr. Market is feeling a bit better today, and the dollar and yen's safe havens are not as needed.  Global equities and emerging markets generally doing better.   Peripheral bond yields are mostly lower, and core bond yields marginally higher.  
The news stream has been favorable for risk taking.  The recovery in US shares yesterday, perhaps on …
Mr Market Feeling Better Mr Market Feeling Better Reviewed by Marc Chandler on November 29, 2012 Rating: 5
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