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The Dollar Finds Some Traction, while Bank of Canada Highlights the North American Session The Dollar Finds Some Traction, while Bank of Canada Highlights the North American Session Reviewed by Marc Chandler on April 21, 2021 Rating: 5
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Market has Second Thoughts about Timing of First Fed Hike

April 20, 2021
Overview:  Even as US yields edge higher, the dollar struggles. With the 10-year Treasury yields now at 1.62%, nine basis points above last week's lows, the greenback has turned mixed against the major currencies. After briefly slipping below JPY108, the dollar has recovered to around JPY108.55.  The euro firmed to $1.2080, and sterling pushed…
Market has Second Thoughts about Timing of First Fed Hike Market has Second Thoughts about Timing of First Fed Hike Reviewed by Marc Chandler on April 20, 2021 Rating: 5
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Dollar Slide Extends

April 19, 2021
Overview: The selling pressure on the greenback, evident last week, despite a series of stronger than expected economic reports, carries over into the new week's activity.  The euro punched through the $1.20 cap that had blocked it last week, and the dollar is testing the JPY108 level, which it has not traded below since early March.  Most eme…
Dollar Slide Extends Dollar Slide Extends Reviewed by Marc Chandler on April 19, 2021 Rating: 5
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If Stronger than Expected Inflation, Consumption, and Jobs Didn't Lift the Greenback, What Will? If Stronger than Expected Inflation, Consumption, and Jobs Didn't Lift the Greenback, What Will?   Reviewed by Marc Chandler on April 18, 2021 Rating: 5
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The Virus, Vaccine, and Economic Velocity

April 17, 2021
The fact that neither the dollar nor US interest rates rose after the stronger than expected March CPI and real sector that prompted upward revisions to GDP forecasts may be saying something about market sentiment and positioning.  It lends credence to the idea that the markets have entered a new phase.    Consider the US 10-year yield.  For the t…
The Virus, Vaccine, and Economic Velocity The Virus, Vaccine, and Economic Velocity Reviewed by Marc Chandler on April 17, 2021 Rating: 5
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