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The Dollar is Mostly Firmer but in Narrow Ranges

August 18, 2026
The US dollar is mostly firmer against the major currencies.  The Australian and Canadian dollars are the exception, but their gains are minor.  Still, the Canadian dollar’s resilience in the face of the US tariffs it faces first thing tomorrow is notable.  While some progress has been reported, it seems too close to call.  October WTI is at a new…
The Dollar is Mostly Firmer but in Narrow Ranges The Dollar is Mostly Firmer but in Narrow Ranges Reviewed by Marc Chandler on August 18, 2026 Rating: 5
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Dollar's Losses Extended, but Stabilizing Ahead of the North American Session Dollar's Losses Extended, but Stabilizing Ahead of the North American Session Reviewed by Marc Chandler on August 17, 2026 Rating: 5
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Week Ahead: Downward Data Surprise Stretch the US Dollar's Momentum Indicators Week Ahead: Downward Data Surprise Stretch the US Dollar's Momentum Indicators Reviewed by Marc Chandler on August 15, 2026 Rating: 5
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USD Trades Heavier and Look for North America to Follow Suit

August 14, 2026
Tomorrow is the 55th anniversary of the end of Bretton Woods. R.I.P.  It was an economic agreement, pegging the dollar to gold and the other currencies to the dollar, and establishing the World Bank, and the International Monetary Fund. Ultimately, however, it was political in nature.  It was an exercise in the Golden Rule.  He with the gold makes…
USD Trades Heavier and Look for North America to Follow Suit USD Trades Heavier and Look for North America to Follow Suit Reviewed by Marc Chandler on August 14, 2026 Rating: 5
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Becalmed FX Market

August 13, 2026
The US dollar is mixed against the G10 currencies.  Despite yesterday’s constructive price action, there has been little follow-through buying today.  Mostly narrow ranges prevail.  While the Japanese government reported signaled acceptance of faster rate hikes, the greenback has held above JPY159 and the 10-year JGB yield edged higher. It has not…
Becalmed FX Market Becalmed FX Market Reviewed by Marc Chandler on August 13, 2026 Rating: 5
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US Dollar is Mixed Ahead of July CPI

August 12, 2026
The US dollar is mixed.  It is mostly softer against the G10 currencies, though sterling, the Australian dollar, and Japanese yen are slightly firmer.  The greenback is a bit weaker against most of the emerging market currencies. Of note, the PBOC set the dollar’s reference rate at a new 3.5-year low, and the Mexican peso is at its best level sinc…
US Dollar is Mixed Ahead of July CPI US Dollar is Mixed Ahead of July CPI Reviewed by Marc Chandler on August 12, 2026 Rating: 5
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Parallel Play or Joint Intervention?

August 11, 2026
The Bank of Japan intervened in the foreign exchange market in late July. Initial indications put the operation at roughly JPY8.45 trillion, near $52.8 bln, as the dollar approached JPY164. The mechanics repeated a pattern seen in January. The Federal Reserve reportedly checked on rates, which is routine. What was not routine is that it did so on …
Parallel Play or Joint Intervention? Parallel Play or Joint Intervention? Reviewed by Marc Chandler on August 11, 2026 Rating: 5
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