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Marking Time ahead of the Week's Big Events

June 08, 2021
Overview:  The capital markets appear to be in a holding pattern ahead of this week's big events, including the US CPI and the ECB meeting.  Equities are little changed but with a heavier bias evident.  Most of the large bourses in the Asia Pacific region were lower, except Australia, which eked out a small gain.  European markets are little c…
Marking Time ahead of the Week's Big Events Marking Time ahead of the Week's Big Events Reviewed by Marc Chandler on June 08, 2021 Rating: 5
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The Greenback Steadies after Retreating on the Jobs Data

June 07, 2021
Overview:  After falling to 1.55% after the US employment data, which, while mixing expectations, could hardly be considered weak, the US 10-year yield has come back firmer today (1.58%) This may be lending the greenback a better tone.  Equity markets are quiet. Most markets in the Asia Pacific region edged higher.  Australia, Taiwan, and Hong Kon…
The Greenback Steadies after Retreating on the Jobs Data The Greenback Steadies after Retreating on the Jobs Data Reviewed by Marc Chandler on June 07, 2021 Rating: 5
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Did the Creation of more than Half a Million Jobs Snuff Out the Dollar's Upside Correction? Did the Creation of more than Half a Million Jobs Snuff Out the Dollar's Upside Correction?  Reviewed by Marc Chandler on June 06, 2021 Rating: 5
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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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