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Dollar Rides High

August 20, 2021
Overview:  Even shallow dollar dips appear to have been bought.  The Federal Reserve's confirmation that it most likely will begin tapering later this year has pushed the greenback further in the direction it was going.  The contagion coupled with purposeful efforts to curb steel output in China saw industrial commodities slide. The currencies…
Dollar Rides High Dollar Rides High Reviewed by Marc Chandler on August 20, 2021 Rating: 5
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Fed Lifts Dollar

August 19, 2021
Overview:  The US dollar rallied after the Federal Reserve signaled that a majority are inclined to reduce the pace of bond purchases this year, even though the short-end interest rate markets took it in stride. Follow-through buying pushed the euro and the Australian and New Zealand dollars to new lows for the year.  The Swiss franc and Japanese …
Fed Lifts Dollar Fed Lifts Dollar Reviewed by Marc Chandler on August 19, 2021 Rating: 5
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Consolidative Mood Grips Markets

August 18, 2021
Overview:  The dollar is consolidating yesterday's advance and is confined to fairly narrow ranges in quiet turnover.  Most of the major currencies are within 0.1% of yesterday's close near midday in Europe. The $1.1700-level held in the euro.  Most emerging market currencies have edged a little higher.  Despite the largest fall in the US …
Consolidative Mood Grips Markets Consolidative Mood Grips Markets Reviewed by Marc Chandler on August 18, 2021 Rating: 5
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Antipodeans and Sterling Bear Brunt of Greenback's Gains

August 17, 2021
Overview:  Concern about the economic impact of the virus and new efforts by China to curb "unfair" competition among online companies has triggered a dramatic response by investors.  A lockdown in New Zealand and the Reserve Bank of Australia signaling it will respond if the economic fallout increases sent the Antipodean currencies shar…
Antipodeans and Sterling Bear Brunt of Greenback's Gains Antipodeans and Sterling Bear Brunt of Greenback's Gains Reviewed by Marc Chandler on August 17, 2021 Rating: 5
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Monday Blues: Delta, Kabul, Disappointing Chinese Data

August 16, 2021
Overview: The spreading virus, the disappointing Chinese data, and the news that the Taliban have captured Kabul has dampened risk appetites.  Equities have moved lower. Nearly all the major markets in the Asia Pacific region fell, but India, perhaps encouraged by a large infrastructure initiative unveiling yesterday.  Note that South Korea's …
Monday Blues: Delta, Kabul, Disappointing Chinese Data Monday Blues:  Delta, Kabul, Disappointing Chinese Data Reviewed by Marc Chandler on August 16, 2021 Rating: 5
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Dollar Rally Stalls on Softening Rates and Dramatic Drop in Consumer Confidence Dollar Rally Stalls on Softening Rates and Dramatic Drop in Consumer Confidence Reviewed by Marc Chandler on August 15, 2021 Rating: 5
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Will the RBNZ Edge Out Norges Bank to be the First High-Income Country to Hike Rates Next Week? Will the RBNZ Edge Out Norges Bank to be the First High-Income Country to Hike Rates Next Week? Reviewed by Marc Chandler on August 14, 2021 Rating: 5
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The Great Game on the Anniversary of the End of Bretton Woods

August 13, 2021
August 15 is the 50th anniversary of the end of Bretton Woods, when the US unilaterally ended the last formal linkages between the dollar and gold.  Nixon ushered in the modern era, even if he did not intend to do so.  The only thing that seemed pertinent at the time was that the US did not want to part with any more of its gold, and Nixon feared …
The Great Game on the Anniversary of the End of Bretton Woods The Great Game on the Anniversary of the End of Bretton Woods Reviewed by Marc Chandler on August 13, 2021 Rating: 5
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