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Japan Confirms Intervention, China's PMI Disappoints, EMU CPI Firms, Ahead of US PCE Deflator Japan Confirms Intervention, China's PMI Disappoints, EMU CPI Firms, Ahead of US PCE Deflator Reviewed by Marc Chandler on May 31, 2024 Rating: 5
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Dollar Pulled Back in Europe. New Buying Opportunity?

May 30, 2024
Overview: The dollar initially extended yesterday's North American recovery but unwound most of the gains in the European morning. As North American dealers return, the greenback is lower against most of the G10 currencies. After approaching levels believed to have been where the BOJ last intervened, profit-taking pushed the dollar back to a m…
Dollar Pulled Back in Europe. New Buying Opportunity? Dollar Pulled Back in Europe. New Buying Opportunity? Reviewed by Marc Chandler on May 30, 2024 Rating: 5
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Stocks and Bonds Retreat; Greenback Extends Recovery but Little Changed Ahead of North American Session Stocks and Bonds Retreat; Greenback Extends Recovery but Little Changed Ahead of North American Session Reviewed by Marc Chandler on May 29, 2024 Rating: 5
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The Greenback is Mostly Softer

May 28, 2024
Overview: The dollar initially extended its pre-weekend and yesterday's heavier tone before finding a better bid in the European morning. Still, as North American dealers return to their posts the dollar is still mostly softer against the G10 currencies, but it is little changed to slightly firmer against the Japanese yen. Most emerging market…
The Greenback is Mostly Softer The Greenback is Mostly Softer Reviewed by Marc Chandler on May 28, 2024 Rating: 5
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Holiday Overview: The State of Play

May 27, 2024
FX:  The dollar traded mostly higher last week.  I suspect more near-term gains, but I am less convinced than I was a week ago.  Given the FOMC minutes and more recent commentary from Fed officials, I suspect the market is exaggerating the chances of two cuts this year.  That had been my leaning too, but I think the recent…
Holiday Overview: The State of Play Holiday Overview: The State of Play Reviewed by Marc Chandler on May 27, 2024 Rating: 5
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Week Ahead: Near-Term Dollar Outlook Less Clear than a Week Ago

May 25, 2024
Stronger than expected data and hawkish FOMC minutes helped lift US rates and the greenback last week. That market continues to also reduce the extend of ECB easing this year is notable but did not prevent the euro from snapping a five-week advance. The 10-year Japanese government bond yield rose above 1% last week for the first time since 2012, b…
Week Ahead: Near-Term Dollar Outlook Less Clear than a Week Ago Week Ahead: Near-Term Dollar Outlook Less Clear than a Week Ago Reviewed by Marc Chandler on May 25, 2024 Rating: 5
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Calmer Markets Ahead of the Weekend

May 24, 2024
Overview: The dollar is paring yesterday's advance that was spurred by the rise in US rates following the preliminary PMI, which reached its best level in two years. The survey also picked up higher prices. The dollar is in narrow trading ranges but softer against nearly all the G10 currencies today. The Swiss franc and Japanese yen are laggar…
Calmer Markets Ahead of the Weekend Calmer Markets Ahead of the Weekend Reviewed by Marc Chandler on May 24, 2024 Rating: 5
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After Hawkish FOMC Minutes, the Dollar Comes Back Softer

May 23, 2024
Overview:  The dollar was aided yesterday by the hawkish FOMC minutes and the backing up of US rates. The greenback has stabilized today and is softer against all the G10 currencies. The stronger eurozone PMI masks divergence between Germany and France but keeps the recovery narrative intact. The dollar's broad gains pressured the yuan, and th…
After Hawkish FOMC Minutes, the Dollar Comes Back Softer After Hawkish FOMC Minutes, the Dollar Comes Back Softer Reviewed by Marc Chandler on May 23, 2024 Rating: 5
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