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Dollar Softens, Aussie Extends Recovery

September 04, 2013
The softer US dollar appears mostly consolidative in nature, except for the Australian dollar, where shifting interest rate expectations is prompting a short-covering rally, ahead of this weekend's election in which a change in government is expected, which could end, or at least reduce, the carbon and mining taxes. The other exception is st…
Dollar Softens, Aussie Extends Recovery Dollar Softens, Aussie Extends Recovery Reviewed by Marc Chandler on September 04, 2013 Rating: 5
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SNB, Nokia and the end of Deflation

September 03, 2013
Switzerland reported earlier today that Q2 GDP expanded by 0.5%, which was sufficient to lift the year-over-year rate to 2.5% from 1.2% in Q1. This is the strongest year-over-year pace since Q1 2011.
The market had expected a 0.3% increase on the quarter. However, what appears to have captured the market's attention today is the Swiss Nationa…
SNB, Nokia and the end of Deflation SNB, Nokia and the end of Deflation Reviewed by Marc Chandler on September 03, 2013 Rating: 5
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Dollar Bid, but Sterling and Aussie Hang In

September 03, 2013
The US dollar is mostly higher against the major and emerging market currencies.  The notable exception are sterling, which has been lifted by a strong construction PMI, and the Australian dollar, which has been buoyed by a less dovish statement after the RBA kept the cash rate at the record low 2.50%.  
The UK construction PMI unexpectedly rose …
Dollar Bid, but Sterling and Aussie Hang In Dollar Bid, but Sterling and Aussie Hang In Reviewed by Marc Chandler on September 03, 2013 Rating: 5
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Policy and Data: Emerging Markets in the Week Ahead

September 02, 2013
(from my colleagues Dr. Win Thin and Ilan Solot)

Brazil's August PMI was reported earlier today and it improved to 49.4 from 48.5 in July.The August trade balance will be reported shortly and  is expected to show that the trade balance swung into surplus, owing to both an increase in exports and a decline in  imports. Brazil central bank releas…
Policy and Data: Emerging Markets in the Week Ahead Policy and Data:  Emerging Markets in the Week Ahead Reviewed by Marc Chandler on September 02, 2013 Rating: 5
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September Begins with a Bang

September 01, 2013
The summer lull is surely over. In the week ahead no fewer than six G10 central banks meet and a host of important economic data is slated for release. The US employment data at the end of the week is seen by many as critical for the one major central bank that is not meeting, the Federal Reserve.
None of the central banks meeting, which incl…
September Begins with a Bang September Begins with a Bang Reviewed by Marc Chandler on September 01, 2013 Rating: 5
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