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And Now, a Word from Draghi

January 25, 2018
With a backdrop of concern about US protectionism and a possible abandonment of the 23-year old strong dollar policy, and among the weakest sentiment toward the dollar in at least a decade, the ECB takes center stage. 
What a turn of events for Mr. Draghi, the President of the European Central Bank.  A year ago today, the euro was traded between $1…
And Now, a Word from Draghi And Now, a Word from Draghi Reviewed by Marc Chandler on January 25, 2018 Rating: 5
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Did Mnuchin Signal a Policy Shift Today?

January 24, 2018
Did US Treasury Secretary Mnuchin signal a change in the US dollar policy?  Probably not. As Mnuchin and President Trump have done before, a distinction was drawn between short- and longer-term perspectives.  In the short-term, a weaker dollar says Mnuchin, is good for US trade and "other opportunities".  In the longer-term, Mnuchin expl…
Did Mnuchin Signal a Policy Shift Today? Did Mnuchin Signal a Policy Shift Today?  Reviewed by Marc Chandler on January 24, 2018 Rating: 5
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Dollar Takes Another Leg Lower

January 24, 2018
North American session sold into the dollar's upticks and Asia followed suit, taking the greenback to new multi-year lows against the euro and sterling while pushing it below the JPY110 level for the first time since last September.  US trade action has become latest element of the narrative the seeks to explain the dollar's slide and the …
Dollar Takes Another Leg Lower Dollar Takes Another Leg Lower Reviewed by Marc Chandler on January 24, 2018 Rating: 5
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Great Graphic: Is Aussie Cracking?

January 23, 2018
The Australian dollar bottomed in early December $0.7500 after having tested $0.8100 a couple of times in September.  Since early December, however, the Australian dollar appreciated by nearly 6.5%.  As it tested the $0.8000 area, the momentum faded.  
Yesterday it managed to close above that threshold and new buying lifted it above yesterday's…
Great Graphic: Is Aussie Cracking? Great Graphic:  Is Aussie Cracking?  Reviewed by Marc Chandler on January 23, 2018 Rating: 5
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Dollar Stabilizes Near Recent Lows

January 23, 2018
The US dollar has come back better bid in late Asian activity. The session highlight was the BOJ meeting. BOJ maintained forecasts and policy. There was a small tweak to the inflation assessment, noting that prices were skewed to the downside, and said there was no change in inflation expectations. Last time it has said expectations were weakening…
Dollar Stabilizes Near Recent Lows Dollar Stabilizes Near Recent Lows Reviewed by Marc Chandler on January 23, 2018 Rating: 5
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