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Great Graphic: The Dollar's Role

October 04, 2018
This Great Graphic comes from Peter Coy and team's article in Business Week.   It succinctly shows three metrics for the internationalization of domestic currencies: global payments, international bonds, and foreign exchange reserves.  It does not strike me as surprising, and the role of the euro as a payments currency reflects its role in int…
Great Graphic: The Dollar's Role Great Graphic: The Dollar's Role Reviewed by Marc Chandler on October 04, 2018 Rating: 5
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Dollar Consolidates Gains while Yields Continue to Rise

October 04, 2018
Overview: The US dollar is consolidating yesterday's gains against most of the major currencies, though the dollar bloc is underperforming.  Bond yields are moving higher, and equities are lower.  With a light data and events stream, the price action itself is the news.  
US yields: The main force is the rise in US yields.  At the short end, th…
Dollar Consolidates Gains while Yields Continue to Rise Dollar Consolidates Gains while Yields Continue to Rise Reviewed by Marc Chandler on October 04, 2018 Rating: 5
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Euro, Sterling and Yen Stabilize, while Antipodean Currencies Extend Losses

October 03, 2018
Overview:  The US dollar is narrowly mixed against the major currencies.  The dollar-bloc currencies are softer,  with the Australian and New Zealand dollars pushed lower by poor data.  The euro is posting corrective upticks after the $1.15 area held yesterday, and Italy may cut the budget deficit projected for 2021.  The dollar eased to a three-d…
Euro, Sterling and Yen Stabilize, while Antipodean Currencies Extend Losses Euro, Sterling and Yen Stabilize, while Antipodean Currencies Extend Losses Reviewed by Marc Chandler on October 03, 2018 Rating: 5
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Cool Video: Bloomberg Clip from Discussion on Emerging Markets

October 02, 2018
In my first television appearance since joining Bannockburn Global Forex, I joined Tom Keene and Francine Lacqua on the Bloomberg set.  In this nearly 2.5 min clip, we talk about the Indonesia rupiah and the dollar's move above the IDR15000 level for the first time since the 1997-1998 Asian financial crisis.   
I suggest there are several fact…
Cool Video: Bloomberg Clip from Discussion on Emerging Markets Cool Video: Bloomberg Clip from Discussion on Emerging Markets Reviewed by Marc Chandler on October 02, 2018 Rating: 5
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Greenback Advances

October 02, 2018
Overview:  The US dollar is rising against most of the major and emerging market currencies.  The Swiss franc and the Japanese yen are the exceptions and are holding their own.  Global equities are mixed.  Asia, excluding Japan, was mostly lower, with 1.2% losses in Taiwan and South Korea and 2.5% drop in Hong Kong and in the H-shares that trade t…
Greenback Advances Greenback Advances Reviewed by Marc Chandler on October 02, 2018 Rating: 5
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A Word About the Q2 COFER Report

October 01, 2018
The IMF reports the most authoritative currency allocation of global reserves at the end of every quarter with a quarter delay.  Invariably, an economist, strategist, or journalist is inspired to write why some data nugget confirms the demise of the dollar as the dominant currency.  Given the unorthodox US President, his criticism of Fed policy, …
A Word About the Q2 COFER Report A Word About the Q2 COFER Report Reviewed by Marc Chandler on October 01, 2018 Rating: 5
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NAFTA Deal Struck, Softer EMU Mfg PMI, and Firm Greenback Starts Week

October 01, 2018
Overview:  The Canadian dollar and Mexican peso are extending its pre-weekend gains on news that a new NAFTA deal (US-Mexico-Canada Agreement USMCA) has been struck.  Against most of the other major and emerging market currencies, the US dollar is firm.  China's mainland and Hong Kong markets are closed for a national holiday.  Japanese shares…
NAFTA Deal Struck, Softer EMU Mfg PMI, and Firm Greenback Starts Week NAFTA Deal Struck, Softer EMU Mfg PMI, and Firm Greenback Starts Week Reviewed by Marc Chandler on October 01, 2018 Rating: 5
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