Marc to Market Marc Chandler on Global FX and Capital Markets

Week Ahead: Fed's Focus on the "Accumulation of Information" Takes Thunder from CPI

Marc Chandler November 07, 2026

(Business travel will disrupt the commentary for the next ten days. It will resume November 18. Good luck, and thank you for your patience.)

The dollar rose against all the G10 currencies last week except for the Swiss franc. The gains were concentrated against the dollar-bloc currencies and the Scandis. Neither sterling nor the Australian dolla…

Week Ahead: Fed's Focus on the "Accumulation of Information" Takes Thunder from CPI

Reviewed by Marc Chandler on November 07, 2026 Rating: 5

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US Jobs Report Competes with the Unsettled Equity Market to Drive the Greenback

Marc Chandler November 06, 2026

The US dollar is broadly stronger. Against many G10 pairs, it is at its best level since Tuesday’s midterm elections. Ahead of the US jobs report, the euro and sterling are holding on to small gains for the week. The Antipodean currencies and the Norwegian krona are off 1.5%-2.25% this week.The sharp equity losses in recent days, reflecting, in …

US Jobs Report Competes with the Unsettled Equity Market to Drive the Greenback Reviewed by Marc Chandler on November 06, 2026 Rating: 5

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BOE Initiates Tightening Cycle with Quarter-Point Hike

Marc Chandler November 05, 2026
In the initial reaction to the US election results, the dollar and US equities were sold. The market talk was about the implications for the AI build-out. The AI meme questioned and the Philadelphia Stock Exchange’s Semiconductor Index (SOX) fell by 3.1%, though the Nasdaq Composite rallied 1.4%. However, in North America yesterday, the focus s…

BOE Initiates Tightening Cycle with Quarter-Point Hike Reviewed by Marc Chandler on November 05, 2026 Rating: 5

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Election-Inspired Dollar Setback may be Buying Opportunity Ahead of Friday's Employment Report

Marc Chandler November 04, 2026
The US election results initially spurred a sell-off in tech shares as Democrats may be more interested in regulating AI than the current administration, and local initiatives on ballots seemed overwhelmingly to support limits on the data center build out. That said, the amount of territory or percentage of data center plans seem relatively modest…

Election-Inspired Dollar Setback may be Buying Opportunity Ahead of Friday's Employment Report Reviewed by Marc Chandler on November 04, 2026 Rating: 5

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Surplus: The History of Too Much and the End of Economic Primacy

Marc Chandler November 03, 2026
Surplus: The History of Too Much and the End of Economic PrimacyThe PuzzleThe United States carries more than $40.5 trillion of debt. Neither party has the appetite to address it. Yet adjusted for inflation, real interest rates remain subdued. While nominal yields are near multi-decade highs, real yields are modest. The US 10-year yield is a littl…

Surplus: The History of Too Much and the End of Economic Primacy Reviewed by Marc Chandler on November 03, 2026 Rating: 5

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The Greenback is Mixed as Americans Vote; Aussie Sold after RBA Signaled Its Fifth Hike may be its Last

Marc Chandler November 03, 2026
The US dollar is mixed today, as Americans vote in the midterm elections. There does not seem to a robust pattern for the dollar around the midterm elections, but the S&P typically does well in the fourth quarter of the mid-term year, and with even more regularity, the S&P rallies in the third year of a presidential term (2027). There ha…

The Greenback is Mixed as Americans Vote; Aussie Sold after RBA Signaled Its Fifth Hike may be its Last Reviewed by Marc Chandler on November 03, 2026 Rating: 5