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June 2025 Monthly

May 31, 2025
Navigating the global economy and managing capital market volatility has always posed challenges, but the uncertainties emanating from Washington make this task exceptionally treacherous. The so-called reciprocal tariffs announced on April 2 were postponed for 90 days just one week later, ostensibly to usher in a period of intensive negotiations. …
June 2025 Monthly June 2025 Monthly Reviewed by Marc Chandler on May 31, 2025 Rating: 5
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On-Again Off-Again US Tariffs are Back

May 30, 2025
Overview: The on-again, off-again US tariffs are back on, but the judicial process is not over. On top of that, US Treasury Secretary Bessent acknowledged what many have suspected:  US-Chinese talks have stalled. The dollar, which was offered yesterday, has come back bid today. It is up against nearly all the G10 currencies. The yen is the excepti…
On-Again Off-Again US Tariffs are Back On-Again Off-Again US Tariffs are Back Reviewed by Marc Chandler on May 30, 2025 Rating: 5
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US Trade Court Roils Markets: Trump Administration to Appeal

May 29, 2025
Overview: There is one driver today. The US Court of International Trade ruled against the Trump administration's "Liberation Day" tariffs. The court rules that the 1977 law used to justify the actions did not apply. The ruling also applies to the earlier tariffs on security of the US borders and fentanyl trafficking. The dollar init…
US Trade Court Roils Markets: Trump Administration to Appeal US Trade Court Roils Markets: Trump Administration to Appeal Reviewed by Marc Chandler on May 29, 2025 Rating: 5
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Consumer Confidence Dollar Boost Fades

May 28, 2025
Overview: The US dollar is mostly softer today against the G10 currencies. Ironically, the New Zealand dollar is the strongest following the widely expected quarter-point cut by the central bank. The Canadian dollar is the laggard, the only G10 currency not to have found traction against the greenback. Most emerging market currencies are also enjo…
Consumer Confidence Dollar Boost Fades Consumer Confidence Dollar Boost Fades Reviewed by Marc Chandler on May 28, 2025 Rating: 5
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Japan Sparks Turn Around Tuesday's Dollar Short-Covering

May 27, 2025
Overview: Speculation that Japan will take measures to stem the rout in the government bond market has helped spur a short-covering bounce in the dollar after finished last week poorly and sold off yesterday. There has been a sharp drop in Japanese long-term bond yields, and although the dollar is higher against all the G10 currencies today, the y…
Japan Sparks Turn Around Tuesday's Dollar Short-Covering Japan Sparks Turn Around Tuesday's Dollar Short-Covering Reviewed by Marc Chandler on May 27, 2025 Rating: 5
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Week Ahead: Greenback Begins Off on the Defensive

May 24, 2025
Between its trade war and the "big, beautiful budget", which is both regressive and adds on more debt, the US has roiled the capital markets. Before the weekend, the US said the EU was not negotiating in good faith. President Trump threatened a 50% tariff as of June 1. This looks harsher than the current state of play with China. Europe&…
Week Ahead: Greenback Begins Off on the Defensive Week Ahead: Greenback Begins Off on the Defensive Reviewed by Marc Chandler on May 24, 2025 Rating: 5
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Dollar Slumps

May 23, 2025
Overview:  The dollar is finishing the week heavily.  It is off against nearly all of the world's currencies.  The only exceptions are the Turkish lira and Hong Kong dollar.  For the week, among the G10 currencies, only the Australian dollar has not risen at least 1%,  Helped by stronger than expected retail sales, sterling set a new three-yea…
Dollar Slumps Dollar Slumps Reviewed by Marc Chandler on May 23, 2025 Rating: 5
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