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Israel's Strike Lifts Dollar but only Modestly, Gold and Oil Rally

June 13, 2025
Overview: Israel attacked Iranian nuclear enrichment site and apparently targeted scientists and top Revolutionary Guard leadership. Reports suggest that that no increase in radioactivity has been detected. The US quickly indicated that while it was informed of the attack, it did not authorize it. President Trump did warn of a possible strike, but…
Israel's Strike Lifts Dollar but only Modestly, Gold and Oil Rally Israel's Strike Lifts Dollar but only Modestly, Gold and Oil Rally Reviewed by Marc Chandler on June 13, 2025 Rating: 5
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Can't See the Risk-Off by Looking at the Dollar or Gold

June 12, 2025
Overview: The combination of President Trump's renewed threat to send letters to announce the new bilateral tariff letters and the heightened tensions with Iran have spurred risk-off forces but they have not been expressed, as often is the case, with a stronger dollar and a surge in gold. The greenback is softer against nearly all the G10 curr…
Can't See the Risk-Off by Looking at the Dollar or Gold Can't See the Risk-Off by Looking at the Dollar or Gold Reviewed by Marc Chandler on June 12, 2025 Rating: 5
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Ho-Hum Market Reaction to US-China Agreement: US CPI and 10-year Note Auction Next Up Ho-Hum Market Reaction to US-China Agreement: US CPI and 10-year Note Auction Next Up Reviewed by Marc Chandler on June 11, 2025 Rating: 5
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Dollar Stabilizes while Sterling Slides after Disappointing Jobs Report

June 10, 2025
Overview: The US dollar is enjoying a firmer tone against the G10 currencies with the disappointing UK jobs data weighing on sterling the most. It is off about 0.5% in late morning European activity. The greenback is more mixed against emerging market currencies. The Mexican peso, which reached new highs for the year yesterday is consolidating. Th…
Dollar Stabilizes while Sterling Slides after Disappointing Jobs Report Dollar Stabilizes while Sterling Slides after Disappointing Jobs Report Reviewed by Marc Chandler on June 10, 2025 Rating: 5
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Dollar Unwinds Jobs Report Gains

June 09, 2025
Overview: Despite the US jobs report, which was considerably better than the fears induced by the ADP estimate and the gradually rising jobless claims, and apparent resumption of China's rare earth exports to US (and European) auto makers, Asia and European participants sold into the dollar's gains they inherited. The greenback has largely…
Dollar Unwinds Jobs Report Gains Dollar Unwinds Jobs Report Gains Reviewed by Marc Chandler on June 09, 2025 Rating: 5
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Week Ahead: Stable Unemployment + Firm CPI = USD Recovery?

June 07, 2025
Last week, the US dollar fell to new lows for the year against half the G10 currencies, including sterling, the Norwegian krone, and Canadian, Australian, and New Zealand dollars. A key question is whether it is a breakout and a signal that of an acceleration of the dollar's decline is at hand. On balance, and within a larger downtrend, we thi…
Week Ahead: Stable Unemployment + Firm CPI = USD Recovery? Week Ahead: Stable Unemployment + Firm CPI = USD Recovery? Reviewed by Marc Chandler on June 07, 2025 Rating: 5
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Dollar Better Bid Ahead of Jobs Report as Japanese and German Data Disappoint, but Will it be Sustained? Dollar Better Bid Ahead of Jobs Report as Japanese and German Data Disappoint, but Will it be Sustained? Reviewed by Marc Chandler on June 06, 2025 Rating: 5
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Euro Trades Quietly Ahead of the ECB's Rate Cut

June 05, 2025
Overview:  The dollar is mostly softer today in narrow trading ranges, though it is firmer against the yen and Swiss franc. The weakness of US data (ADP, ISM services, and anecdotal Beige Book) lifted the market confidence of at least two Fed cuts this year. Most emerging market currencies are also trading higher against the dollar today. Still, o…
Euro Trades Quietly Ahead of the ECB's Rate Cut Euro Trades Quietly Ahead of the ECB's Rate Cut Reviewed by Marc Chandler on June 05, 2025 Rating: 5
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