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Greenback Bid Ahead of CPI

December 11, 2024
Overview: The dollar is on fire. Ahead of today's US November CPI and tomorrow's anticipated rate cuts by the European Central Bank and the Swiss National Bank, the greenback is rising against all G10 currencies and nearly all emerging market currencies (but the Hong Kong dollar and the Indian rupee, which slipped to a record-low earlier t…
Greenback Bid Ahead of CPI Greenback Bid Ahead of CPI Reviewed by Marc Chandler on December 11, 2024 Rating: 5
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Consolidative Tuesday

September 10, 2024
Overview: The US dollar is mostly consolidating so far today with a slightly heavier bias against the G10 currencies and most emerging market currencies. The larger than expected Chinese trade surplus did not lift the yuan. The greenback is trading above its 20-day moving average against the Chinese yuan for the first time since late July. Sterlin…
Consolidative Tuesday Consolidative Tuesday Reviewed by Marc Chandler on September 10, 2024 Rating: 5
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Narrow Ranges for the Dollar Prevail Ahead of Tomorrow's US CPI

July 10, 2024
Overview: The dollar is mostly softer today, but largely within the recent ranges, as the market appears to be waiting for tomorrow's US CPI. There are a few exceptions to note. The yen is trading near its recent lows. A less hawkish Reserve Bank of New Zealand has triggered a sell-off of the local dollar. Softer than expected Norwegian inflat…
Narrow Ranges for the Dollar Prevail Ahead of Tomorrow's US CPI Narrow Ranges for the Dollar Prevail Ahead of Tomorrow's US CPI Reviewed by Marc Chandler on July 10, 2024 Rating: 5
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Aussie Recovers from Poor Jobs Data, but Nokkie is Weaker Despite Rate Hike Aussie Recovers from Poor Jobs Data, but Nokkie is Weaker Despite Rate Hike Reviewed by Marc Chandler on August 17, 2023 Rating: 5
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The Euro Stalled Near Its Best Level since April 2022 Ahead of ECB's Decision The Euro Stalled Near Its Best Level since April 2022 Ahead of ECB's Decision Reviewed by Marc Chandler on May 04, 2023 Rating: 5
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Fed Day

May 03, 2023
Overview: A sharper than expected decline in US job openings and weaker factory orders coupled with intensifying bank stress sent ripples through the capital markets. The large US bank index fell 4.5% yesterday, the most in six weeks, while the regional bank index fell nearly 5.5%, its biggest loss since March 13. Both indices took out the March l…
Fed Day Fed Day Reviewed by Marc Chandler on May 03, 2023 Rating: 5
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Bank Stress Hobbles the Dollar, while Dissents Make the 50 bp Hike by Sweden less than Hawkish Bank Stress Hobbles the Dollar, while Dissents Make the 50 bp Hike by Sweden less than Hawkish Reviewed by Marc Chandler on April 26, 2023 Rating: 5
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Market Hears Dovish Fed Hike and Sells Dollars

March 23, 2023
Overview:  The dollar remains under pressure following the Federal Reserve's rate hike. The market thinks it heard that the Fed was done hiking, even though Fed Chair Powell held out the possibility that "some additional firming may be necessary."  The Norwegian krone is the strongest of the G10 currencies today, up more than 1%, spu…
Market Hears Dovish Fed Hike and Sells Dollars Market Hears Dovish Fed Hike and Sells Dollars Reviewed by Marc Chandler on March 23, 2023 Rating: 5
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