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Wait Until Tomorrow

September 07, 2021
Overview: The rise in 10-year benchmark yields stands out.  The US 10-year yield is up four basis points to 1.36%, while European yields are 3-5 bp higher.  Australia, where the central bank indicated it would proceed with its tapering plans, saw no change in their benchmark, and its two-year yield remained a little below zero.  Equity markets are…
Wait Until Tomorrow Wait Until Tomorrow Reviewed by Marc Chandler on September 07, 2021 Rating: 5
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Five Things that Happened Monday

September 06, 2021
1.  The dollar finished last week on a soft note but steadied at the start of the week, edging higher against nearly all major currencies.   The Australian and New Zealand dollars were the weakest, off about 0.3%. The Norwegian krone managed to be the most resilient, virtually flat.  Norway's central bank meets on September 23 and is expected …
Five Things that Happened Monday Five Things that Happened Monday Reviewed by Marc Chandler on September 06, 2021 Rating: 5
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Is the Dollar Slump Just Beginning or is this the Tail End?

September 05, 2021
The key question in the foreign exchange market is if the disappointing jobs data confirms and solidifies the dollar's downtrend that has emerged over the last couple of weeks.  For many, the answer seems to depend on if the downside surprise was sufficient to delay the Fed's plans to reduce its bond-buying.  The Fed has not provided a tim…
Is the Dollar Slump Just Beginning or is this the Tail End? Is the Dollar Slump Just Beginning or is this the Tail End?  Reviewed by Marc Chandler on September 05, 2021 Rating: 5
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The Week Ahead

September 04, 2021
Don't let the US holiday on Monday distract you.  The first full week of September is jam-packed.  The highlights include the ECB meeting and China's inflation.  The Reserve Bank of Australia and the Bank of Canada also meet.  The Bank of Russia hiked rates consistently since March and moved by 100 bp in July, and meets again on September …
The Week Ahead The Week Ahead Reviewed by Marc Chandler on September 04, 2021 Rating: 5
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Much Ado, but Barring Significant Downside Surprise, August Jobs Report will not Stand in the Way of Fed Tapering Much Ado, but Barring Significant Downside Surprise, August Jobs Report will not Stand in the Way of Fed Tapering Reviewed by Marc Chandler on September 03, 2021 Rating: 5
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Australia Reports a Record Trade Surplus despite China's Boycott

September 02, 2021
Overview: The markets are mostly in a holding pattern so far today, ahead of tomorrow's US jobs data and the PMI services and final composite readings.  Equities on balance are firmer, and the dollar is softer.  In Asia Pacific, Japan, China, Hong Kong, and India, equities advanced, while, among the large markets, South Korea, Australia, and T…
Australia Reports a Record Trade Surplus despite China's Boycott Australia Reports a Record Trade Surplus despite China's Boycott Reviewed by Marc Chandler on September 02, 2021 Rating: 5
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September Monthly

September 01, 2021
The US dollar was driven to new highs for the year in recent weeks by a combination of another signal that the Federal Reserve was still on track to taper before the end of the year and concerns about global aggregate demand.  The spread of the contagion has exacerbated the slowdown already seen in parts of Asia.  China's efforts to curb steel…
September Monthly September Monthly Reviewed by Marc Chandler on September 01, 2021 Rating: 5
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The Dollar Begins September Heavier (Mostly)

September 01, 2021
Overview: The new month begins with risk appetites bolstered by stronger than expected PMI reports helping lift equity markets after the pause in the US yesterday.  The MSCI Asia Pacific Index extended its advance for a fourth session, led by 1%+ gains in Japan, China's CSI 300, and Singapore.  Europe's Dow Jones Stoxx 600 is at a new two-…
The Dollar Begins September Heavier (Mostly) The Dollar Begins September Heavier (Mostly) Reviewed by Marc Chandler on September 01, 2021 Rating: 5
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