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Dollar Thumped

December 17, 2020
Overview: The prospects of a UK-EU deal and US stimulus continue to underwrite risk appetites and weigh on the dollar.  Equity markets are moving higher.  Led by Australia and China, the MSCI Asia Pacific Index rose to new record highs, while Dow Jones Stoxx 600 in Europe is at its best level since February.  US shares are also trading higher.  Bo…
Dollar Thumped Dollar Thumped Reviewed by Marc Chandler on December 17, 2020 Rating: 5
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Greenback Slides Ahead of FOMC as Optimism Underpins Risk Appetites

December 16, 2020
Overview:  The S&P 500 snapped a four-day downdraft helped by optimism over the progress toward fiscal stimulus and some hope that a new trade deal can still be negotiated between the UK and EU.  Europe reported better than expected PMIs.  Equities are broadly higher, as are interest rates, while the dollar slumps.  The MSCI Asia Pacific Index…
Greenback Slides Ahead of FOMC as Optimism Underpins Risk Appetites Greenback Slides Ahead of FOMC as Optimism Underpins Risk Appetites Reviewed by Marc Chandler on December 16, 2020 Rating: 5
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The Bulls are Emboldened

December 15, 2020
Overview:  The S&P fell for the fourth consecutive session yesterday, the longest losing streak of the quarter, and this seemed to encourage profit-taking in the Asia Pacific region today.  The MSCI Asia Pacific Index slipped for the second consecutive session, and even confirmation of the Chinese recovery failed to lift the Shanghai Composite…
The Bulls are Emboldened The Bulls are Emboldened Reviewed by Marc Chandler on December 15, 2020 Rating: 5
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Cool Video: CNBC-Asia--Brexit, Sterling, the Euro, and Dollar

December 14, 2020
I had the privilege to join Sri Jegarajah at CNBC Asia at the start of today's Asia Pacific session.  We had a broad chat about the dollar, Brexit, and the euro.  He gave me the opportunity to sketch out my views:1.  The dollar's entered a cyclical decline, and the "twin deficit" issue will likely frame the narrative.  Many obser…
Cool Video: CNBC-Asia--Brexit, Sterling, the Euro, and Dollar Cool Video: CNBC-Asia--Brexit, Sterling, the Euro, and Dollar Reviewed by Marc Chandler on December 14, 2020 Rating: 5
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Brexit Deal Hopes Lift Sterling

December 14, 2020
Overview:  The fact that the UK and EU negotiators are still talking is seen as a constructive development and has spurred a sharp bounce in sterling.  It traded below $1.3150 before the weekend and is pushing above $1.3400 in the European morning.  It is part of the larger risk-on move lifting equities and weighing on the dollar more broadly.  Eq…
Brexit Deal Hopes Lift Sterling Brexit Deal Hopes Lift Sterling Reviewed by Marc Chandler on December 14, 2020 Rating: 5
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