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Dollar Comes Back Mostly Firmer, but Focus is Elsewhere

November 29, 2016
The US dollar correctly lowered yesterday, but most of the selling was over by the end of the Asian session, and the greenback steadied in Europe and North America.  The dollar is firm against the euro and yen but within yesterday's broad trading ranges.  The Australian and Canadian dollar's gains from yesterday are being pared.  

 What had…
Dollar Comes Back Mostly Firmer, but Focus is Elsewhere Dollar Comes Back Mostly Firmer, but Focus is Elsewhere Reviewed by Marc Chandler on November 29, 2016 Rating: 5
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Great Graphic: Yen and Yuan Connection

November 28, 2016
The US dollar has rallied against both the Japanese yen and Chinese yuan since the end of September.  Through today, the yen has fallen 9.8% and the yuan has fallen by 3.5%.
What they have in common is the rise in US interest rates relative to their own.   Since September 30, the US 10-year yield has from below 1.60% to above 2.40% at the end of la…
Great Graphic: Yen and Yuan Connection Great Graphic:  Yen and Yuan Connection Reviewed by Marc Chandler on November 28, 2016 Rating: 5
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Where may the Populist-Nationalist Forces Stall?

November 28, 2016
This weekend's Austrian presidential election and the Italian referendum may see the populist-nationalist forces do well.  The polls suggest Hofer in Austria likely to win and become the first far right head of state in more than a generation.  
The defeat of the Italian constitutional reform, if it comes, will be not solely at the hands of the…
Where may the Populist-Nationalist Forces Stall? Where may the Populist-Nationalist Forces Stall?  Reviewed by Marc Chandler on November 28, 2016 Rating: 5
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Corrective Forces Seen in Asia, Subside in Europe Corrective Forces Seen in Asia, Subside in Europe Reviewed by Marc Chandler on November 28, 2016 Rating: 5
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Emerging Markets: Week Ahead Preview

November 27, 2016
(from my colleague Dr. Win Thin)

EM ended last week on a somewhat firmer note, though we note divergences remain in place.  For the week, ZAR and KRW performed the best while TRY and BRL were the worst.  US jobs data Friday will draw some attention, though a December Fed rate hike is pretty much fully priced in.  
China reports November PMI readings…
Emerging Markets: Week Ahead Preview Emerging Markets: Week Ahead Preview Reviewed by Marc Chandler on November 27, 2016 Rating: 5
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