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The Dollar Reverses Lower: Is this the Real Thing?

July 04, 2021
The dollar's bounce extended further than we expected, helped by an aggressively hawkish view of the Fed, which has seen the market price in more than one hike before the end of next year.  The dollar's rally into early July left the technical indicators stretched, and we note that near-term trend reversals recently have occurred around th…
The Dollar Reverses Lower: Is this the Real Thing? The Dollar Reverses Lower: Is this the Real Thing? Reviewed by Marc Chandler on July 04, 2021 Rating: 5
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Fed Minutes may Temper Hawkish Dots

July 03, 2021
The second half is getting underway.  Five events should be on your radar screen, but do not lose sight of the broader context.  This year, the dollar has often experienced near-term trend changes around the turn of the month and the US jobs report.  Consider the Dollar Index, albeit an imperfect metric.  The low for the year was recorded three da…
Fed Minutes may Temper Hawkish Dots Fed Minutes may Temper Hawkish Dots Reviewed by Marc Chandler on July 03, 2021 Rating: 5
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US Jobs and OPEC+ Day

July 02, 2021
Overview: The US jobs report and OPEC+ decision are awaited.  The dollar remains bid.  Only the yen and Canadian dollar are showing a hint of resilience, though, on the week, the Scandis and dollar-bloc currencies are off between around 1-2%.   The greenback is also firmer against the emerging market currency complex, and the JP Morgan index is of…
US Jobs and OPEC+ Day US Jobs and OPEC+ Day Reviewed by Marc Chandler on July 02, 2021 Rating: 5
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July Monthly

July 01, 2021
After falling in April and May, the US dollar rebounded in June, gaining against all the major currencies.  The move appeared to begin as a technical adjustment to positions after the two-month slide left the greenback over-extended.  However, it morphed into a powerful short squeeze after the Federal Reserve moved into a more hawkish direction. A…
July Monthly July Monthly Reviewed by Marc Chandler on July 01, 2021 Rating: 5
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The Greenback is Bid to Start the Second Half

July 01, 2021
Overview: Soft Asian manufacturing PMIs weighed on local shares after the S&P 500 set new record highs yesterday.  European shares are recouping yesterday's month-end losses, while US futures indices are bid.  The US 10-year yield is around 1.47%, and European yields are 1-2 bp higher.  The dollar is beginning the quarter on firm footing, …
The Greenback is Bid to Start the Second Half The Greenback is Bid to Start the Second Half Reviewed by Marc Chandler on July 01, 2021 Rating: 5
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