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US Dollar Firm Ahead of ECB Conference and Fed Chair Warsh

July 01, 2026
The US dollar is bid and pushing against some resistance levels ahead of flurry of central bank talk at the ECB conference in Sintra, which includes the new Federal Reserve Chair Warsh. The talks are set to begin around 9:00 AM ET. Given his reluctance to provide forward guidance at his first press conference last month, it seems unreasonable to e…
US Dollar Firm Ahead of ECB Conference and Fed Chair Warsh US Dollar Firm Ahead of ECB Conference and Fed Chair Warsh Reviewed by Marc Chandler on July 01, 2026 Rating: 5
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Yen Drops to 40-Year Lows and Drags Others Down

June 30, 2026
The yen has been pushed to its lowest level in 40 years, and this appears to have helped drag most of the other major currencies lower against the dollar today amid month-end and quarter-end considerations. Japanese officials did not appear to have stepped up their verbal defense of the yen and the market pressed ahead. The dollar has traded as hi…
Yen Drops to 40-Year Lows and Drags Others Down Yen Drops to 40-Year Lows and Drags Others Down Reviewed by Marc Chandler on June 30, 2026 Rating: 5
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On-Again Off-Again Middle Ease Cease Fire is On Again: Oil and Rates are Firm while Greenback Consolidates On-Again Off-Again Middle Ease Cease Fire is On Again: Oil and Rates are Firm while Greenback Consolidates Reviewed by Marc Chandler on June 29, 2026 Rating: 5
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July 2026 Monthly

June 27, 2026
Markets enter July with a ceasefire that nobody quite trusts. The 60-day de-escalation between Washington and Tehran has done its job on paper, traffic in the Strait of Hormuz has increased markedly. Oil has responded accordingly, with August WTI down more than 30% from its May18 peak of over $100 a barrel. It reached around $69 compared with a li…
July 2026 Monthly July 2026 Monthly Reviewed by Marc Chandler on June 27, 2026 Rating: 5
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Oil Resumes Decline, Tech Shares Extend Slump, Greenback Trades Heavier

June 26, 2026
There have been two key developments this week and they are both evident today. The first is the continued pullback in oil prices. August WTI is off almost 9% this week, after dropping as much last week and 5.25% the week before. It is near $69 compared with slightly below $66 before the war began. September Brent is off a little more than 9% this…
Oil Resumes Decline, Tech Shares Extend Slump, Greenback Trades Heavier Oil Resumes Decline, Tech Shares Extend Slump, Greenback Trades Heavier Reviewed by Marc Chandler on June 26, 2026 Rating: 5
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Dollar Consolidates, Oil Slips Lower, Equities Helped by Micron Earnings

June 25, 2026
The strong dollar advance seen in recent days is consolidating today. The G10 currencies are trading in narrow ranges. Most of them are +/- 0.1%. The New Zealand dollar and Norwegian krone are off a little more. The Canadian dollar is threatening to extend its losing streak for the 11th consecutive session. The greenback crept closer to JPY162 whi…
Dollar Consolidates, Oil Slips Lower, Equities Helped by Micron Earnings Dollar Consolidates, Oil Slips Lower, Equities Helped by Micron Earnings Reviewed by Marc Chandler on June 25, 2026 Rating: 5
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Dollar Extends Gains Without Support of Higher Rates

June 24, 2026
The US dollar’s rally is extending today, but the market remains cautious about intervention by Japanese officials. The Dollar Index has not fallen since last Tuesday. It has risen by a little more than 2% since the Fed delivered its hawkish hold last week. Yet, for the second consecutive session, the dollar is rising without it being backed by hi…
Dollar Extends Gains Without Support of Higher Rates Dollar Extends Gains Without Support of Higher Rates Reviewed by Marc Chandler on June 24, 2026 Rating: 5
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