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US Employment Data is Important but for the Millionth Time, Don't Exaggerate It US Employment Data is Important but for the Millionth Time, Don't Exaggerate It Reviewed by Marc Chandler on August 06, 2021 Rating: 5
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Yesterday's Dollar Recovery Stalls

August 05, 2021
Overview: US interest rates and the dollar turned higher following comments by the Fed's Vice Chairman Clarida, who appeared to throw his lot with the more hawkish members. The dollar recovered from weakness that had seen it fall to almost JPY108.70, its lowest level since late May, and lifted the euro to $1.19.  Still, there has been little f…
Yesterday's Dollar Recovery Stalls Yesterday's Dollar Recovery Stalls Reviewed by Marc Chandler on August 05, 2021 Rating: 5
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Markets Becalmed

August 04, 2021
Overview:  The US 10-year yield is hovering around 1.18% in Europe, while the on-the-run JGB benchmark yield is below zero for the first time this year.  Greek and Australia's 10-year bond yields are at new six-month lows. The softer yields saw the dollar fall to two-month lows against the yen, while the Swiss franc rose to the highest level s…
Markets Becalmed Markets Becalmed Reviewed by Marc Chandler on August 04, 2021 Rating: 5
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RBA Surprises

August 03, 2021
Overview: US Treasury yields were slipping, but the weaker than expected manufacturing ISM, which included the slowest rise in price paid since March, sent the 10-year yield below 1.15% and the 30-year below 1.83%.  The yen appears to be the most sensitive of the major currencies to US yields, and the drop in yields saw the dollar trade down to  J…
RBA Surprises RBA Surprises Reviewed by Marc Chandler on August 03, 2021 Rating: 5
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August Monthly

August 02, 2021
Fear that the spread of the Delta mutation of the covid would disrupt the global economy spurred the unwinding of risk-on positions. Interest rates fell, and the traditional funding currencies:  the US dollar, Swiss franc, and Japanese yen, strengthened most in July. While major US indices set new record highs, as did Europe's Dow Jones Stoxx …
August Monthly August Monthly Reviewed by Marc Chandler on August 02, 2021 Rating: 5
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Greenback Softens amid Stronger Risk Appetites to Start August

August 02, 2021
Overview:  Risk appetites snap back after easing in the waning hours last month.  The MSCI Asia Pacific equities jumped back after dropping 1.8% last week for the second week in a row.  Japan's Topix and China's CSI 300 rose by more than 2%, and Hong Kong, Taiwan, and Australia gained more than 1%.  Europe's Dow Jones Stoxx 600 is reco…
Greenback Softens amid Stronger Risk Appetites to Start August Greenback Softens amid Stronger Risk Appetites to Start August Reviewed by Marc Chandler on August 02, 2021 Rating: 5
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Two Steps Forward, One Step Back

August 01, 2021
The US had a difficult week, falling against nearly all the major currencies, recording new lows for the month against the euro, Swiss franc, and sterling among the major currencies.  Indeed, the euro and sterling gains were sufficient to erase the earlier losses to post an advance for July.   It is difficult to find a common theme through the capi…
Two Steps Forward, One Step Back Two Steps Forward, One Step Back Reviewed by Marc Chandler on August 01, 2021 Rating: 5
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