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Double Whammy: US CPI and Federal Reserve

June 12, 2024
Overview: Position adjustments ahead of today's US CPI and FOMC meeting are giving the dollar a modestly heavier tone today. Each of these events are typically a source of volatility in their own right and together they promise an eventful North American session. The yen is the only exception among the G10 currencies, but even there, the dolla…
Double Whammy: US CPI and Federal Reserve Double Whammy:  US CPI and Federal Reserve Reviewed by Marc Chandler on June 12, 2024 Rating: 5
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Greenback Remains Firm, Still Driest Towel on the Rack

June 11, 2024
Overview:  The US dollar is firm against all the G10 currencies, except for sterling, which is straddling unchanged levels after labor market report that showed an uptick earnings remain elevated, and the unemployment rate ticked up to a new high since September 2021. The dollar reached a new six-day high against the Japanese yen near JPY157.40. T…
Greenback Remains Firm, Still Driest Towel on the Rack Greenback Remains Firm, Still Driest Towel on the Rack Reviewed by Marc Chandler on June 11, 2024 Rating: 5
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Euro Sold After EU Parliament Elections and Macron's Gambit

June 10, 2024
Overview:  With mixed elements, the market took the US jobs data as relatively strong and took the dollar and US rates higher. The EU Parliament election has shaken up European politics, with the Belgium government collapsing and French President Macron calling a snap legislative election for the end of the month. Holidays in China, Hong Kong, Tai…
Euro Sold After EU Parliament Elections and Macron's Gambit Euro Sold After EU Parliament Elections and Macron's Gambit Reviewed by Marc Chandler on June 10, 2024 Rating: 5
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Week Ahead: FOMC, BOJ, and US and China Inflation

June 08, 2024
The market got caught leaning the wrong way. The weakness in April's high-frequency US data encouraged participants to push the US two-year yield to its recent floor near 4.70% and took the 10-year yield to two-month lows, slightly above 4.25%. The Dollar Index was driven below the uptrend line drawn off the December 2023 and March and May 202…
Week Ahead: FOMC, BOJ, and US and China Inflation Week Ahead:  FOMC, BOJ, and US and China Inflation Reviewed by Marc Chandler on June 08, 2024 Rating: 5
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The Dollar Remains Soft Ahead of the Employment Report

June 07, 2024
Overview: The dollar is little changed against the major currencies ahead of the US jobs report. It has been trading heavier than we expected given that two more G10 central banks cut interest rates ahead of the Federal Reserve. Next week is its meeting and the market-sensitive CPI. US rates have fallen, and as we note below, the US two-year premi…
The Dollar Remains Soft Ahead of the Employment Report The Dollar Remains Soft Ahead of the Employment Report Reviewed by Marc Chandler on June 07, 2024 Rating: 5
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The Euro Remains Firm Ahead of the First Time the ECB will Cut Rates Before the Federal Reserve The Euro Remains Firm Ahead of the First Time the ECB will Cut Rates Before the Federal Reserve Reviewed by Marc Chandler on June 06, 2024 Rating: 5
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Yen Unwinds Yesterday's Gains, while the Mexican Peso and Indian Rupee Stabilize Yen Unwinds Yesterday's Gains, while the Mexican Peso and Indian Rupee Stabilize Reviewed by Marc Chandler on June 05, 2024 Rating: 5
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