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The Greenback is Firm into Quarter-End

June 30, 2021
Overview: The dollar is finishing the quarter on firm footing, gaining against most of the major currencies today.  The euro is straddling the $1.1900 area, having begun the month above $1.22.  Sterling has tested the $1.38 area.  It had traded at a three-year high near $1.4250 at the start of the month.  Similarly, the US dollar set a seven-year …
The Greenback is Firm into Quarter-End The Greenback is Firm into Quarter-End Reviewed by Marc Chandler on June 30, 2021 Rating: 5
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Fear that the Mutating Virus Could Slow Recoveries Takes a Toll on Risk Appetites Ahead of Quarter-End Fear that the Mutating Virus Could Slow Recoveries Takes a Toll on Risk Appetites Ahead of Quarter-End Reviewed by Marc Chandler on June 29, 2021 Rating: 5
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European Political Drama Kicks off Big Economic Week

June 28, 2021
Overview:  The global capital markets are off to a quiet start of what promises to be a busy week.  Quarter and month-end adjustments, Japan's Tankan survey, the eurozone's preliminary June CPI, the US employment report, and an OPEC+ meeting are featured.  The MSCI Asia Pacific Index was little changed amid a mixed regional performance.  I…
European Political Drama Kicks off Big Economic Week European Political Drama Kicks off Big Economic Week Reviewed by Marc Chandler on June 28, 2021 Rating: 5
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Dollar's Upside Correction Stalls after 3-4 Weeks of Gains

June 27, 2021
The greenback had a tough week.  It fell against most currencies.  Our GDP-weighted currency index snapped a three-week drop, which ended an eight-week advance.  The combination of a seemingly more hawkish Federal Reserve and position squaring around the expiration of futures and options had pushed the greenback dramatically higher and stretched t…
Dollar's Upside Correction Stalls after 3-4 Weeks of Gains Dollar's Upside Correction Stalls after 3-4 Weeks of Gains Reviewed by Marc Chandler on June 27, 2021 Rating: 5
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Some Like it Hot but Many do Not

June 26, 2021
Three events highlight the week ahead.  The quarter-end can often experience heightened intraday volatility as investors and banks adjust positions and hedges.  Hours before the end of trading for the quarter, the eurozone's preliminary estimate of June CPI will be published.  Then, on July 2, ahead of a three-day holiday weekend in the US, th…
Some Like it Hot but Many do Not Some Like it Hot but Many do Not Reviewed by Marc Chandler on June 26, 2021 Rating: 5
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Tokyo Escapes Deflation, Leaving the Greenback Trapped between Two Expiring Options against the Yen Tokyo Escapes Deflation, Leaving the Greenback Trapped between Two Expiring Options against the Yen Reviewed by Marc Chandler on June 25, 2021 Rating: 5
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Did the PBOC Signal it is Content with the Yuan's Pullback?

June 24, 2021
Overview:  The US dollar is trading slightly lower against most of the major and emerging market currencies.  The Scandis are leading the major currencies, while the Russian ruble leads the central and eastern European currencies higher.  Emerging market currencies mostly firmer, though the Turkish lira and South African rand are notable exception…
Did the PBOC Signal it is Content with the Yuan's Pullback? Did the PBOC Signal it is Content with the Yuan's Pullback? Reviewed by Marc Chandler on June 24, 2021 Rating: 5
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Japan Retains Distinction of being the only G7 Country with Sub-50 PMI Composite Japan Retains Distinction of being the only G7 Country with Sub-50 PMI Composite Reviewed by Marc Chandler on June 23, 2021 Rating: 5
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Turn Around Tuesday or Dollar Rally Resumes?

June 22, 2021
Overview:  Firming long-term US yields have lent the dollar support after trading heavily yesterday.  The greenback is around 0.15%-0.50% higher against the major currencies.  The Japanese yen and Canadian dollar are among the more resilient, and the Australian dollar and sterling among the heaviest.  Emerging market currencies are mostly lower, e…
Turn Around Tuesday or Dollar Rally Resumes? Turn Around Tuesday or Dollar Rally Resumes? Reviewed by Marc Chandler on June 22, 2021 Rating: 5
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Dollar Surge Stalls

June 21, 2021
Overview:  Pressure on equities seen last week carried over into Asia and Europe today. The MSCI Asia Pacific Index fell for the fourth consecutive session, led by more than a 3% decline in the Nikkei.  Australia, Taiwan, and Hong Kong bourses fell by more than 1%.  European equities opened lower, but have turned higher. The Dow Jones Stoxx 600 is…
Dollar Surge Stalls Dollar Surge Stalls Reviewed by Marc Chandler on June 21, 2021 Rating: 5
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