Results for Australia
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Yen Jumps on Rate Hike Speculation

November 27, 2024
Overview: The US dollar has a softer profile today. All the G10 currencies are higher, led by 1%+ surge in the yen amid heightened speculation of a rate hike next month, while the US 10-year yield is near 4.25% today, the lowest since the election. Although the Reserve Bank of New Zealand allows for another half-point cut after delivering the seco…
Yen Jumps on Rate Hike Speculation Yen Jumps on Rate Hike Speculation Reviewed by Marc Chandler on November 27, 2024 Rating: 5
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The Dollar's Surge Continues

November 14, 2024
Overview: The dollar's surge continues. Most G10 currencies are off 0.45%-0.65%. The US dollar is trading above CAD1.40 for the first time since the pandemic, but the Canadian dollar is faring the best of the G10 today (~-0.15%). Since US election, it is the only major currency not to have fallen by at least 2%. All the emerging market currenc…
The Dollar's Surge Continues The Dollar's Surge Continues Reviewed by Marc Chandler on November 14, 2024 Rating: 5
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US Job Report may Offer Little Relief ahead of Next Week's US Election and Meetings by Half of the G10 Central Banks

November 01, 2024
Overview: The first of what promises to be two tumultuous weeks is winding down. The US jobs data is the last big event. It is widely recognized that it will be skewed to the downside because of hurricanes and some mostly temporary factors. Anticipating the market’s reaction is also complicated by the weekend, and reports that Iran may strike back…
US Job Report may Offer Little Relief ahead of Next Week's US Election and Meetings by Half of the G10 Central Banks US Job Report may Offer Little Relief ahead of Next Week's US Election and Meetings by Half of the G10 Central Banks Reviewed by Marc Chandler on November 01, 2024 Rating: 5
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Ueda Lifts Yen, Stocks Slump, Gilts Under Pressure Post-Budget

October 31, 2024
Overview: The main move in the foreign exchange market today is the recovery of the yen following what was seen as hawkish comments by BOJ Governor Ueda. Otherwise, the tone is one of consolidation. The equity market sell-off today may be weighing on the Scandis and dollar-bloc currencies amid risk-off impulses. Emerging market currencies are mixe…
Ueda Lifts Yen, Stocks Slump, Gilts Under Pressure Post-Budget Ueda Lifts Yen, Stocks Slump, Gilts Under Pressure Post-Budget Reviewed by Marc Chandler on October 31, 2024 Rating: 5
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Eurozone Growth Surprises, Lifts Euro, while UK Budget is Awaited

October 30, 2024
Overview:  The US 10-year yield is off around a dozen basis points off yesterday's high and European growth in Q3 was better than expected. This appears to have encouraged some dollar liquidation today. The greenback is softer against the G10 currencies, but the Canadian dollar and sterling. The much-awaited UK Autumn budget will be announced …
Eurozone Growth Surprises, Lifts Euro, while UK Budget is Awaited Eurozone Growth Surprises, Lifts Euro, while UK Budget is Awaited Reviewed by Marc Chandler on October 30, 2024 Rating: 5
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Continued Backing Up of US Rates Extend the Greenback's Gains

October 23, 2024
Overview: The persistent rise in US rates continues to help fuel dollar gains. The euro has been sold through $1.08 and the greenback has jumped over 1% against the yen to JPY152.75. It finished last week closer to JPY149.55. So far, Japanese officials have been fairly quiet, but this seems likely to change. The US two-year premium over Germany ha…
Continued Backing Up of US Rates Extend the Greenback's Gains Continued Backing Up of US Rates Extend the Greenback's Gains Reviewed by Marc Chandler on October 23, 2024 Rating: 5
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Today's Employment Report is Important, but Fed Sees Another Before the Next FOMC Meeting Today's Employment Report is Important, but Fed Sees Another Before the Next FOMC Meeting Reviewed by Marc Chandler on October 04, 2024 Rating: 5
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Bailey Weighs on Sterling

October 03, 2024
Overview: The dollar enjoys a firmer tone today. The escalating conflict in the Middle East is keeping the market on edge. And then there is tomorrow's US employment report. Among the G10 currencies, sterling has been the hardest hit. It is off around 1% after Bank of England Governor Bailey seemed to signal that after pausing last month, the …
Bailey Weighs on Sterling Bailey Weighs on Sterling Reviewed by Marc Chandler on October 03, 2024 Rating: 5
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Powell's Lack of Urgency Helps the Dollar Correct Higher

October 01, 2024
Overview:   Japan will go to polls a little ahead of the US. And the US election still looks too close to call. Canada may be forced into snap elections if the Bloc Quebecois abandons negotiating with the minority Liberal government as it has threatened to do at the end of the month. The UK's new Labour government is putting together its first…
Powell's Lack of Urgency Helps the Dollar Correct Higher Powell's Lack of Urgency Helps the Dollar Correct Higher Reviewed by Marc Chandler on October 01, 2024 Rating: 5
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