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The Dollar is Having One of Its Best Days This Month

November 30, 2023
Overview: After being bludgeoned, the dollar is having one of its best days of the month. It is rising against all the major currencies. The Dollar Index is up about 0.5%, which is the most since the end of October. The greenback is also firmer against all the emerging market currencies but the Turkish lira and Russian ruble. Some of the demand fo…
The Dollar is Having One of Its Best Days This Month The Dollar is Having One of Its Best Days This Month Reviewed by Marc Chandler on November 30, 2023 Rating: 5
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Dollar Recovers After Losses Extended in Asia

November 29, 2023
Overview: On the back of lower interest rates, the greenback's slide was extended in early Asia Pacific turnover, but it has recovered. As North American trading begins, the dollar is firmer against all the G10 currencies but the New Zealand dollar, which has been aided by the hawkish hold of the central bank, and an immaterial gain in the Swi…
Dollar Recovers After Losses Extended in Asia Dollar Recovers After Losses Extended in Asia Reviewed by Marc Chandler on November 29, 2023 Rating: 5
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Canadian Dollar Plays A Little Catch-Up, Rises to best Level in Nearly Seven Weeks Canadian Dollar Plays A Little Catch-Up, Rises to best Level in Nearly Seven Weeks Reviewed by Marc Chandler on November 28, 2023 Rating: 5
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Dollar Starts Softer

November 27, 2023
Overview: The dollar is beginning the week on a soft note, despite the modest backing up of yields over the last couple of sessions and better than expected data, including Black Friday sales and the preliminary November PMI. It is sporting minor losses against all the G10 currencies, but the Canadian dollar, which is the weakest of the major curr…
Dollar Starts Softer Dollar Starts Softer Reviewed by Marc Chandler on November 27, 2023 Rating: 5
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Week Ahead: US PCE Deflator, EMU CPI, China PMI, OPEC+, and COP28

November 25, 2023
The dollar fell against all the G10 currencies last week. The dollar-bloc currencies, sterling, and the Scandis  led the move, appreciating by about 0.55%-1.40% against the US dollar.  The dollar bloc and sterling recorded new highs for the month ahead of the weekend. Against the others, the dollar spent most of last week consolidating after its r…
Week Ahead: US PCE Deflator, EMU CPI, China PMI, OPEC+, and COP28 Week Ahead: US PCE Deflator, EMU CPI, China PMI, OPEC+, and COP28 Reviewed by Marc Chandler on November 25, 2023 Rating: 5
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Short Note for the Day after Thanksgiving

November 24, 2023
Price Action:  Since the North American markets closed Wednesday, the foreign exchange market has been subdued.  Most of the major currencies are +/- 0.2%.  The Antipodeans and sterling have risen a bit more.  The euro is in the middle of this week’s range (~$1.0850-$1.0965).  The dollar is at the upper end of this week…
Short Note for the Day after Thanksgiving Short Note for the Day after Thanksgiving Reviewed by Marc Chandler on November 24, 2023 Rating: 5
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Corrective Forces Help the Dollar Stabilize

November 22, 2023
Overview: Corrective forces helped the dollar stabilize yesterday and it enjoys a firmer today. The euro has slipped below $1.09, and the dollar has resurfaced above JPY149.00. The FOMC minutes seem dated by the more than 30 bp decline in the US 10-year yield, the 7% rally in the S&P 500 and roughly 3% drop in the Dollar Index. The implied yea…
Corrective Forces Help the Dollar Stabilize Corrective Forces Help the Dollar Stabilize Reviewed by Marc Chandler on November 22, 2023 Rating: 5
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Yen and Yuan Extend Surge

November 21, 2023
Overview: The dollar remains offered and our ideas about it stalling as central banks push against the timing and extent of the easing the market is anticipating are being challenged. The Governor of the Reserve Bank of Australia and the Bank of England both warned higher rates may still be needed. Still, the momentum may be slowing. Meanwhile, th…
Yen and Yuan Extend Surge Yen and Yuan Extend Surge Reviewed by Marc Chandler on November 21, 2023 Rating: 5
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