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Yen Pops on BOJ Comments on Inflation, but the Dollar holds Most of Yesterday's Gains against the other G10 Currencies

February 29, 2024
Overview: The dollar is mixed as the market awaits the US personal consumption expenditure deflator, which is the measure of inflation the Fed targets. While there is headline risk, we argue that the signal has already been generated by the CPI and PPI releases. The yen is the strongest of the G10 currencies, up nearly 0.5%. The market shrugged of…
Yen Pops on BOJ Comments on Inflation, but the Dollar holds Most of Yesterday's Gains against the other G10 Currencies Yen Pops on BOJ Comments on Inflation, but the Dollar holds Most of Yesterday's Gains against the other G10 Currencies Reviewed by Marc Chandler on February 29, 2024 Rating: 5
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Dollar Jumps

February 28, 2024
Overview: A less hawkish Reserve Bank of New Zealand and a slightly softer than expected January CPI from Australia appears to have sparked a broad US dollar rally. The Dollar Index is up almost 0.25%, which, if sustained, would be its best day since the US CPI was reported on February 13. Most of the greenback's strength was seen in the Asia …
Dollar Jumps Dollar Jumps Reviewed by Marc Chandler on February 28, 2024 Rating: 5
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Weak US Durable Goods may Herald Pullback in Capex

February 27, 2024
Overview: Most of the G10 currencies are trading quietly in narrow ranges today. After a slightly firmer than expected national CPI reading, which still moderated, and a pullback in US yields, the Japanese yen is the strongest of the major currencies. The dollar has pulled back from almost JPY151 to nearly JPY150. The New Zealand dollar is the wea…
Weak US Durable Goods may Herald Pullback in Capex Weak US Durable Goods may Herald Pullback in Capex Reviewed by Marc Chandler on February 27, 2024 Rating: 5
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Euro Bid in Europe but Unlikely to Sustain Gains Through North America

February 26, 2024
Overview: The dollar is beginning the new week mixed. The dollar-bloc currencies and Japanese yen are softer while the European currencies enjoy a firmer today. Among emerging market currencies, central European currencies are trading with higher. The Turkish lira is the notable exception. It is the weakest currency today, off about 0.65%. The Chi…
Euro Bid in Europe but Unlikely to Sustain Gains Through North America Euro Bid in Europe but Unlikely to Sustain Gains Through North America Reviewed by Marc Chandler on February 26, 2024 Rating: 5
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Week Ahead: With the Markets Converging (Again) with Fed's Dots, Is the Interest Rate Adjustment Over? Week Ahead: With the Markets Converging (Again) with Fed's Dots, Is the Interest Rate Adjustment Over? Reviewed by Marc Chandler on February 24, 2024 Rating: 5
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While the Greenback has Tended to be Sold in Asia this Week, it has Recovered in North America While the Greenback has Tended to be Sold in Asia this Week, it has Recovered in North America Reviewed by Marc Chandler on February 23, 2024 Rating: 5
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Risk On, Dollar Sold

February 22, 2024
Overview: The post-close rally in US tech stocks after Nvidia's earnings has fueled risk-on activity today. The Nikkei closed at record highs with a 2.2% rally. China's CSI rose for the eighth consecutive session as official discourage sales at the open and close, and short sales in general. Europe's Stoxx 600 is up more than 0.5% to r…
Risk On, Dollar Sold Risk On, Dollar Sold Reviewed by Marc Chandler on February 22, 2024 Rating: 5
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