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Risk Appetites Squashed by Weak Chinese Imports/Exports and Moody's Downgrade of 10 US Banks Risk Appetites Squashed by Weak Chinese Imports/Exports and Moody's Downgrade of 10 US Banks Reviewed by Marc Chandler on August 08, 2023 Rating: 5
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Dollar Comes Back Bid

August 07, 2023
Overview: The US dollar is recovering today after it was sold following the jobs report before the weekend. It is enjoying a firmer bias against nearly all the G10 currencies. The dollar-bloc is faring best, while the Scandis are off close to 0.5%. Most emerging market currencies are also softer, with only a few Asian currencies edging higher toda…
Dollar Comes Back Bid Dollar Comes Back Bid Reviewed by Marc Chandler on August 07, 2023 Rating: 5
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Week Ahead: Is the Dollar's Run since Mid-July Over?

August 05, 2023
The US and China report July CPI figures in the coming days and they are likely moving in opposite directions. Headline US CPI is likely to rise for the first time since peaking in June 2022. China's CPI has been slowing and is likely to go negative on a year-over-year basis. It finished last year at 1.8% and in June was unchanged year-over-ye…
Week Ahead: Is the Dollar's Run since Mid-July Over? Week Ahead: Is the Dollar's Run since Mid-July Over? Reviewed by Marc Chandler on August 05, 2023 Rating: 5
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US Jobs Report and OPEC Statement Featured Ahead of the Weekend

August 04, 2023
Overview: The capital markets are calmer today but the US (and Canadian) jobs data stand in the way of the weekend. While equity markets are firmer, the rise in yields continues with new highs for the week being recorded today. European benchmark yields are 2-3 bp higher and the US 10-year Treasury yield is approaching 4.20%. Most of the large mar…
US Jobs Report and OPEC Statement Featured Ahead of the Weekend US Jobs Report and OPEC Statement Featured Ahead of the Weekend Reviewed by Marc Chandler on August 04, 2023 Rating: 5
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Markets Remain Unsettled, Bonds and Stocks Retreat, Dollar Gains Ahead of BOE Markets Remain Unsettled, Bonds and Stocks Retreat, Dollar Gains Ahead of BOE Reviewed by Marc Chandler on August 03, 2023 Rating: 5
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Fitch Roils Markets

August 02, 2023
Overview: Late yesterday, on the eve of the quarterly refunding announcement, Fitch cut the US rating to AA+ from AAA, citing project fiscal deterioration over the next few years and "the erosion of governance". S&P also has the US as an AA+ credit. Ironically, many observers who have been critical of the US monetary and fiscal polic…
Fitch Roils Markets Fitch Roils Markets Reviewed by Marc Chandler on August 02, 2023 Rating: 5
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RBA Holds Fire, Greenback Rebounds

August 01, 2023
Overview: The dollar has come back bid. It is rising against all the major currencies today. The Reserve Bank of Australia left rates steady and the poor Chinese Caixin PMI is weighing on the Australian dollar, which is off about 1.25% today. Sterling is the best G10 performer, off about 0.1%. Perhaps, the BOE's meeting on Thursday is helping …
RBA Holds Fire, Greenback Rebounds RBA Holds Fire, Greenback Rebounds Reviewed by Marc Chandler on August 01, 2023 Rating: 5
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