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US-China Exchange Export Restrictions, Yuan is Sold to New Lows for the Year, while the Greenback Extends Waller's Inspired Losses

December 03, 2024
Overview: The US dollar has extended the losses scored late yesterday when Federal Reserve Governor Waller indicated he was still leaning toward a December rate cut. The odds of a rate cut rose to around 76% from about 66% at the end of last week. The odds are slightly lower today, around 72%. A solid jobs report on Friday and another uptick in CP…
US-China Exchange Export Restrictions, Yuan is Sold to New Lows for the Year, while the Greenback Extends Waller's Inspired Losses US-China Exchange Export Restrictions, Yuan is Sold to New Lows for the Year, while the Greenback Extends Waller's Inspired Losses Reviewed by Marc Chandler on December 03, 2024 Rating: 5
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French Government on Precipice, Presses Euro Lower

December 02, 2024
Overview: The US dollar is beginning the new week and month on a firm note. It is rising against all the G10 currencies and nearly all the emerging market currencies. US-President-elect Trump's threat to BRICS if they abandon the dollar is symbolic than substantive, as we have argued, despite the occasional claim to the contrary, a BRICS curre…
French Government on Precipice, Presses Euro Lower French Government on Precipice, Presses Euro Lower Reviewed by Marc Chandler on December 02, 2024 Rating: 5
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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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Euro and Sterling are Trying to Stabilize after Sharp Drop on Back of Disappointing Flash PMI Euro and Sterling are Trying to Stabilize after Sharp Drop on Back of Disappointing Flash PMI Reviewed by Marc Chandler on November 22, 2024 Rating: 5
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Ueda Lifts Yen, Leaving Euro and Sterling Pinned Near Lows

November 21, 2024
Overview:  Escalating tensions in Europe and comments from Bank of Japan Ueda that spurred speculation of a December hike are the main drivers of the foreign exchange market today. The yen is the strongest of the G10 currencies, up about 0.65%, while the euro is the weakest, off a little more than 0.25%, and sterling is down almost as much. Most o…
Ueda Lifts Yen, Leaving Euro and Sterling Pinned Near Lows Ueda Lifts Yen, Leaving Euro and Sterling Pinned Near Lows Reviewed by Marc Chandler on November 21, 2024 Rating: 5
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Fragile and Consolidative Tone Starts the Week in FX

November 18, 2024
Overview: The US dollar has begun the new week consolidating in a mixed fashion against the G10 currencies. Bank of Japan Governor Ueda remains circumspect and did not provide guidance about next month's central bank meeting. Without positive guidance, the market sold the yen, but the swaps market shows about 13 bp of tightening has been disco…
Fragile and Consolidative Tone Starts the Week in FX Fragile and Consolidative Tone Starts the Week in FX Reviewed by Marc Chandler on November 18, 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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Higher Yields Help Extend the Dollar's Gains

November 12, 2024
Overview: The dollar continues to ride high. It is up 0.20%-0.50% today against the G10 currencies. Most pairs have extended last week's moves. The Dollar Index, which was near 100 in late September is approaching 106.00. Emerging market currencies are all weaker, as well. The dollar is being helped by higher US yields. After yesterday's h…
Higher Yields Help Extend the Dollar's Gains Higher Yields Help Extend the Dollar's Gains Reviewed by Marc Chandler on November 12, 2024 Rating: 5
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The Dollar Remains Bid, While the Euro and Swiss Franc are Sold Through Last Week's Lows The Dollar Remains Bid, While the Euro and Swiss Franc are Sold Through Last Week's Lows Reviewed by Marc Chandler on November 11, 2024 Rating: 5
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