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US Dollar Comes Back Bid, but Brexit Hopes Underpin Sterling

November 30, 2017
The US dollar is broadly firmer.   The rise in US yields yesterday has seen the greenback extend its recovery against the yen.  It briefly pushed through JPY112.40, after dipping below JPY111.00 at the start of the week, for the first time since mid-September.  Since the end of last week, been capped at the 200-day moving average against the yen, …
US Dollar Comes Back Bid, but Brexit Hopes Underpin Sterling US Dollar Comes Back Bid, but Brexit Hopes Underpin Sterling Reviewed by Marc Chandler on November 30, 2017 Rating: 5
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Did ECB's Hansson Talk out of Turn?

November 29, 2017
Ardo Hansson is the Chicago-born Governor of the central bank of Estonia.  He was interviewed by Market New today.   He seemed to say that barring a surprise; the ECB can end the asset purchases next September.  


Recall that last month the ECB indicated it would continue to extend its purchases through the first nine months of next year, albeit at …
Did ECB's Hansson Talk out of Turn? Did ECB's Hansson Talk out of Turn? Reviewed by Marc Chandler on November 29, 2017 Rating: 5
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Sterling Charges Ahead on Brexit Hopes

November 29, 2017
Prospects of a deal with the EU has sent sterling to its best level in two months against the dollar.  It reached $1.3430 in early European turnover.  It had sunk to nearly $1.3220 yesterday as European markets were closing, which was a four-day low.   It is the strongest of the major currencies today, gaining about 0.4%.  With today's gains h…
Sterling Charges Ahead on Brexit Hopes Sterling Charges Ahead on Brexit Hopes Reviewed by Marc Chandler on November 29, 2017 Rating: 5
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