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Greenback Shakes on US Political Developments: Now What?

December 02, 2017
The US dollar was poised to close higher against most of the major currencies for the week before news broke that former National Security Adviser Flynn plead guilty to two charges of lying to the FBI.  The clear implication was that he was allowed to plead guilty to a lesser crime than he may have committed in exchange for cooperating with the in…
Greenback Shakes on US Political Developments: Now What? Greenback Shakes on US Political Developments: Now What? Reviewed by Marc Chandler on December 02, 2017 Rating: 5
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Emerging Markets: What Changed

December 01, 2017
(from my colleague Dr. Win Thin)
Bank of Korea hiked rates by 25 bp to 1.50%, the first hike in six years.Egypt central bank lifted the last remaining currency controls.S&P cut South Africa’s foreign currency rating one notch to BB with stable outlook.Turkey President Erdogan was implicated in an alleged plot to help Iran evade US sanctions.Mo…
Emerging Markets: What Changed Emerging Markets: What Changed Reviewed by Marc Chandler on December 01, 2017 Rating: 5
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Dollar Consolidates Weekly Gain, while Equities Ease to Start New Month

December 01, 2017
The release of the manufacturing PMIsconfirm that the synchronized global expansion remains intact.  The focus today is on three unresolved political challenges:  US tax reform, the UK-Irish border and the talks that may produce another grand coalition in Germany.  
The US dollar is mixed, with the dollar-bloc currencies and Scandis pushing higher.…
Dollar Consolidates Weekly Gain, while Equities Ease to Start New Month Dollar Consolidates Weekly Gain, while Equities Ease to Start New Month Reviewed by Marc Chandler on December 01, 2017 Rating: 5
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