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ECB, Bank of Canada, and the Peak in US CPI Base Effect

June 05, 2021
The media has played up the upcoming ECB with all the Sturm und Drang that can be mustered. However, investors and other market participants seem considerably less anxious.  And for a good reason:  at the end of the day, it does not really matter that much.  Since the ECB stepped up its bond purchases, the euro, yields, and premiums over Germany h…
ECB, Bank of Canada, and the Peak in US CPI Base Effect ECB, Bank of Canada, and the Peak in US CPI Base Effect Reviewed by Marc Chandler on June 05, 2021 Rating: 5
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US and Canada Report on Jobs as G7 Fin Mins Talk Taxes

June 04, 2021
Overview: Stronger than expected US employment data, ahead of today's monthly report and compromise proposal on corporate tax by the White House to help secure a deal on infrastructure sent US bond yields and the dollar high. Late dollar shorts were forced to cover.  The greenback is mixed now, with the yen, sterling, and Antipodeans slightly …
US and Canada Report on Jobs as G7 Fin Mins Talk Taxes US and Canada Report on Jobs as G7 Fin Mins Talk Taxes Reviewed by Marc Chandler on June 04, 2021 Rating: 5
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Don't Believe Sino-American Thaw or Fed's Corporate Bond Divestment is a Policy Signal Don't Believe Sino-American Thaw or Fed's Corporate Bond Divestment is a Policy Signal Reviewed by Marc Chandler on June 03, 2021 Rating: 5
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The Dollar Snaps Back

June 02, 2021
Overview: The US dollar is enjoying broad, even if not large, gains today following yesterday's recovery from three-year lows against sterling and four-year lows against the Canadian dollar.  The greenback is firmer against all the major currencies.  The Australian and New Zealand dollars the weakest, even though Australia reported stronger th…
The Dollar Snaps Back The Dollar Snaps Back Reviewed by Marc Chandler on June 02, 2021 Rating: 5
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CNY Softens after PBOC's Move; Equities Advance on Stronger World Outlook

June 01, 2021
Overview:  The US dollar fell against most major currencies following the PBOC's modest move to reduce the upward pressure on the yuan.  Follow-through selling was seen earlier today, and sterling reached a new three-year high.  However, the dollar found a bid in the European morning, while the Scandi currencies held on to most of their earlie…
CNY Softens after PBOC's Move; Equities Advance on Stronger World Outlook CNY Softens after PBOC's Move; Equities Advance on Stronger World Outlook Reviewed by Marc Chandler on June 01, 2021 Rating: 5
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