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Policy Mix Underlines Positive Fundamental Backdrop for the Dollar

December 17, 2017
The prospects that the Republican-controlled legislative branch would find a compromise to tax cuts were enhanced when a few senators appeared to capitulate without much to show for it may have helped lift US stocks and dollar ahead of the weekend.  Each chamber must now approve the reconciliation measure, which does not look particularly like eit…
Policy Mix Underlines Positive Fundamental Backdrop for the Dollar Policy Mix Underlines Positive Fundamental Backdrop for the Dollar Reviewed by Marc Chandler on December 17, 2017 Rating: 5
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Dollar Recoups FOMC-Sparked Losses

December 16, 2017
The US dollar turned in a mixed performance last week, but the gains before the weekend, perhaps partly in anticipation of a tax bill, helped it finish well.   Still, in the face of the Fed's rate hike, the continued signal of three more in 2018, underscores the frustration for dollar bulls.  Nor did the yawning premium required to secure doll…
Dollar Recoups FOMC-Sparked Losses Dollar Recoups FOMC-Sparked Losses Reviewed by Marc Chandler on December 16, 2017 Rating: 5
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Premium for Dollar-Funding is not Helping Greenback Very Much

December 15, 2017
The cross-currency basis swap continues to lurch in the dollar's direction, especially against the euro, and yet the dollar is not drawing much support from it.  The increasing cost reflects pressure for the year-end and does not appear to reflect systemic issues.  Dollar auction by the ECB and BOJ do not show any strain.  The dollar has a dow…
Premium for Dollar-Funding is not Helping Greenback Very Much Premium for Dollar-Funding is not Helping Greenback Very Much Reviewed by Marc Chandler on December 15, 2017 Rating: 5
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