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Dovish Hold Sends the Aussie Lower

December 10, 2024
Overview: The US dollar is little changed against most of the G10 currencies today. The antipodean currencies are the main exception. A modest change in tone from the Reserve Bank of Australia, boosting the chances of a rate cut early next year sent the Australian dollar back toward yesterday's lows, and the New Zealand dollar fell in sympathy…
Dovish Hold Sends the Aussie Lower Dovish Hold Sends the Aussie Lower Reviewed by Marc Chandler on December 10, 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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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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European Currencies Start Week Softer, while the Dollar Bloc is Firm

September 23, 2024
Overview: European currencies are trading with a softer bias to begin the new week. Soft preliminary PMIs appeared to be the main culprit but Australia's PMI disappointed ahead of tomorrow central bank meeting, and the Australian dollar's small gain leads the G10 currencies today. The Swedish krona is off around 0.75% before the central ba…
European Currencies Start Week Softer, while the Dollar Bloc is Firm European Currencies Start Week Softer, while the Dollar Bloc is Firm Reviewed by Marc Chandler on September 23, 2024 Rating: 5
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Will the PCE Deflator Really Contain New Information?

June 28, 2024
Overview: The US dollar is narrowly mixed as North American participants prepare to return for the last session of the first half. Despite firmer than expected Tokyo CPI and stronger than expected industrial output, the market lifted the greenback around JPY161.25 before profit-taking pressures bought it back toward session lows near JPY160.65 in …
Will the PCE Deflator Really Contain New Information? Will the PCE Deflator Really Contain New Information? Reviewed by Marc Chandler on June 28, 2024 Rating: 5
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US Dollar Offered, but Intra-Day Momentum Indicators are Stretched

June 24, 2024
Overview: The Dollar Index reached its best level since May 1 before the weekend but has come back softer against all the G10 currencies and most emerging market currencies. There is no apparent driver, and the intraday day momentum indicators caution against expecting much in the way of follow through gains in North America. The dollar edged clos…
US Dollar Offered, but Intra-Day Momentum Indicators are Stretched US Dollar Offered, but Intra-Day Momentum Indicators are Stretched Reviewed by Marc Chandler on June 24, 2024 Rating: 5
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Euro Sold After EU Parliament Elections and Macron's Gambit

June 10, 2024
Overview:  With mixed elements, the market took the US jobs data as relatively strong and took the dollar and US rates higher. The EU Parliament election has shaken up European politics, with the Belgium government collapsing and French President Macron calling a snap legislative election for the end of the month. Holidays in China, Hong Kong, Tai…
Euro Sold After EU Parliament Elections and Macron's Gambit Euro Sold After EU Parliament Elections and Macron's Gambit Reviewed by Marc Chandler on June 10, 2024 Rating: 5
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Jump in Japanese Bond Yields Fails to Lift the Yen

May 20, 2024
Overview: The foreign exchange market is quiet. Most of the G10 currencies are +/- 0.1% against the dollar. The crash that took the of Iran's president and foreign minister may have helped lift gold to new record highs ($2450), the impact seems more muted, as poor weather rather than foul play, seems to be main narrative. July WTI reached near…
Jump in Japanese Bond Yields Fails to Lift the Yen Jump in Japanese Bond Yields Fails to Lift the Yen Reviewed by Marc Chandler on May 20, 2024 Rating: 5
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Dollar Slips but Dip may Offer New Opportunity

February 20, 2024
Overview: The US dollar is offered today. It is trading softer against all the G10 currencies, with the yen the notable exception, and it is flat. The Antipodean are leading the way, taking out last week's highs, as has the euro. That said, the intraday momentum indicators are stretched as NY dealers return from the long holiday weekend. The S…
Dollar Slips but Dip may Offer New Opportunity Dollar Slips but Dip may Offer New Opportunity Reviewed by Marc Chandler on February 20, 2024 Rating: 5
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