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Potential Brexit Breakthrough Helps Sterling, while France and Spain Report Stronger Price Pressures Potential Brexit Breakthrough Helps Sterling, while France and Spain Report Stronger Price Pressures Reviewed by Marc Chandler on February 28, 2023 Rating: 5
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Markets Catch Collective Breath

February 27, 2023
Overview: After last week's flurry of activity that saw the US dollar extend its recovery, it has begun off the new week largely consolidating in relatively narrow ranges. The Australian and New Zealand dollar's remains softer, and the Swiss franc is virtually flat, but the other G10 currencies, led by sterling are posting small gains. A b…
Markets Catch Collective Breath Markets Catch Collective Breath Reviewed by Marc Chandler on February 27, 2023 Rating: 5
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Week Ahead: February ISM Services and Auto Sales to Show January US Data were Exaggerated Week Ahead: February ISM Services and Auto Sales to Show January US Data were Exaggerated Reviewed by Marc Chandler on February 25, 2023 Rating: 5
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Ueda Day

February 24, 2023
Overview:  Rising rates and falling stocks provided the backdrop for the foreign exchange market this week. The dollar appreciated against all the G10 currencies but the Swedish krona, which is still correcting higher after the hawkish pivot by the central bank. The market looks for a later and higher peak in the Fed funds rate. This coupled with …
Ueda Day Ueda Day Reviewed by Marc Chandler on February 24, 2023 Rating: 5
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Fed Tightening Seen Extending into Q3

February 23, 2023
Overview:  The prospect that the Federal Reserve tightening cycle continues into early Q3 is underpinning the greenback today against most of the G10 currencies. The dollar bloc is the notable exception, and they are posting minor gains, perhaps encouraged by the firmer equity markets. The minutes of this month’s FOMC meeting appear to show wide s…
Fed Tightening Seen Extending into Q3 Fed Tightening Seen Extending into Q3 Reviewed by Marc Chandler on February 23, 2023 Rating: 5
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Investors Shaken by Rising Rates

February 22, 2023
Overview: The surge in US interest rates and sharp losses in US stocks sent the dollar broadly higher in North America yesterday. The $42 bln of two-year notes auctioned by the US Treasury saw the highest yield in more than a quarter-of-a-century (4.67%) and it still produced a small tail. Sterling, helped by its own surprisingly strong data, was …
Investors Shaken by Rising Rates Investors Shaken by Rising Rates Reviewed by Marc Chandler on February 22, 2023 Rating: 5
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Upside Surprise in UK's Flash PMI and Better-than-Expected January Public Finances Lift Sterling Upside Surprise in UK's Flash PMI and Better-than-Expected January Public Finances Lift Sterling Reviewed by Marc Chandler on February 21, 2023 Rating: 5
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Monday: A Short Note while US is on Holiday

February 20, 2023
The dollar is mostly softer, but turnover is mostly quiet.  The Swedish krona leads the move after higher-than-expected underlying inflation.  It is a mild risk-on day with equities moving higher too.  In the Asia Pacific region, China stood with the CSI 300 up almost 2.5%.  Europe’s Stoxx 600 is up fractionally to recoup most of the pre-weekend d…
Monday: A Short Note while US is on Holiday Monday: A Short Note while US is on Holiday Reviewed by Marc Chandler on February 20, 2023 Rating: 5
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