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Great Graphic: US-German 2-year Rate Differential and the Euro Revisited

June 10, 2013
We have often noted how well the US-German 2-year interest rate differential tracks the euro-dollar exchange rate. This Great Graphic, we composed on Bloomberg, shows the dollar against the euro  in white and the 2-year interest rate differential between the US and Germany in yellow.  
For our purposes here, we inverted the euro-dollar exchange r…
Great Graphic: US-German 2-year Rate Differential and the Euro Revisited Great Graphic:  US-German 2-year Rate Differential and the Euro Revisited Reviewed by Marc Chandler on June 10, 2013 Rating: 5
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Short Note on the Rupee's Slide

June 10, 2013
The Indian rupee has fallen to new record lows against the US dollar today. While the rupee's 1.8% slide against the greenback is the largest since Sept '11, it represents continuation of the trend that started in May. 
Indeed in the first three months of the year, the rupee was among the strongest of the emerging market currencies, gain…
Short Note on the Rupee's Slide Short Note on the Rupee's Slide Reviewed by Marc Chandler on June 10, 2013 Rating: 5
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Yen and Australian Dollar Tumble, Other Majors Little Changed

June 10, 2013
Unexpectedly weak Chinese trade figures, reported over the weekend, weighed on the Australian dollar, while the yen shed recent gains after hitting a two month low against the US dollar before the weekend.  The familiar pattern in which the yen weakens, and the equity and bond market strengthen was once again in vogue.  The Nikkei gapped higher a…
Yen and Australian Dollar Tumble, Other Majors Little Changed Yen and Australian Dollar Tumble,  Other Majors Little Changed Reviewed by Marc Chandler on June 10, 2013 Rating: 5
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Thoughts on the Week Ahead

June 09, 2013
There are many events and economic reports that can roil the market in the days ahead.  Yet, just as importantly, there are already forces at play that will shape market developments.  Here are 8 thoughts about what to expect.  
1.  The US employment data failed to have much impact on expectations the timing of the Fed's tapering.  A recent n…
Thoughts on the Week Ahead Thoughts on the Week Ahead Reviewed by Marc Chandler on June 09, 2013 Rating: 5
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China Data Dump: Moderation, but no Stimulus in Response

June 09, 2013
Most countries report economic data over a course of a month. China releases most of it a couple of days and this weekend was such a period. To summarize, China reported weaker imports and exports, but a larger overall trade surplus, lower inflation and weaker bank lending. 
Industrial output, retail sales and fixed asset investment were in lin…
China Data Dump: Moderation, but no Stimulus in Response China Data Dump:  Moderation, but no Stimulus in Response Reviewed by Marc Chandler on June 09, 2013 Rating: 5
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