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Stalled US Rates Steal Greenback's Thunder

April 24, 2018
The US dollar looked set to launch a new leg higher, but rates stalled, which in turn is unleashing some mild corrective pressures.  The US two-year yield has been unable to extend its increase beyond 2.50%, while the 10-year rate has stalled within a whisker of the 3% psychological threshold. 
The greenback's momentum did indeed carry it, but …
Stalled US Rates Steal Greenback's Thunder Stalled US Rates Steal Greenback's Thunder Reviewed by Marc Chandler on April 24, 2018 Rating: 5
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Great Graphic: Aussie Tests Trendline

April 23, 2018
It is not that the Australian dollar is the weakest currency this month.  Its 0.4% decline puts it among the better performers against the US dollar. However, it has fallen to a new low for the year today.  The losses have carried to a trendline drawn off of the early 2016 low near $0.6800. 
The trendline has been drawn on this Great Graphic compos…
Great Graphic: Aussie Tests Trendline Great Graphic: Aussie Tests Trendline Reviewed by Marc Chandler on April 23, 2018 Rating: 5
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Emerging Market Preview: Week Ahead

April 23, 2018
( From my colleague Dr. Win Thin)
EM FX came under renewed pressure last week as US yields rose to new highs for the cycle.  RUB and TRY were the top performers last week, while MXN and COP were the worst.  There are no Fed speakers this week due to the embargo ahead of the May 2 FOMC meeting.  While we see little chance of a hike then, markets are…
Emerging Market Preview: Week Ahead Emerging Market Preview: Week Ahead Reviewed by Marc Chandler on April 23, 2018 Rating: 5
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Rising Rates Help Extend Dollar Gains Rising Rates Help Extend Dollar Gains Reviewed by Marc Chandler on April 23, 2018 Rating: 5
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Markets and Macro

April 22, 2018
Worries about a trade war appear to have eased, at least for the moment, but that does not make investors worry-free.  The concerns have shifted toward rising US interest rates, perhaps more than anything else, but general anxiety seems elevated.  
The unpredictableness of Trump Administration is not helpful, and even though oil prices recovered, t…
Markets and Macro Markets and Macro Reviewed by Marc Chandler on April 22, 2018 Rating: 5
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