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The Dollar Goes Nowhere Quickly

January 09, 2024
Overview: The dollar continues to consolidate broadly after the dramatic price swings at the end of last week. For the most part, the greenback remains inside yesterday's ranges, which were inside last Friday's. The G10 currencies are a little heavier today, except the Japanese yen and Norwegian krone, which are posting small gains. Indeed…
The Dollar Goes Nowhere Quickly The Dollar Goes Nowhere Quickly Reviewed by Marc Chandler on January 09, 2024 Rating: 5
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Consolidation Featured

January 08, 2024
Overview: After dramatic intraday price swings after the US jobs data and service ISM figures before the weekend, the dollar is consolidating today in mostly narrow ranges. The prospect for a March cut by the Federal Reserve finished last Friday virtually unchanged (73% vs 70%) and is about 66% chance today. There was interest in Dallas Fed's …
Consolidation Featured Consolidation Featured Reviewed by Marc Chandler on January 08, 2024 Rating: 5
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Week Ahead: Attention Turns Back to Inflation

January 06, 2024
The terribly mixed US jobs report spurred dramatic intraday swings in exchange and US interest rates. But at the close, the dollar was little changed against most major currencies, and expectations for Fed policy was nearly unchanged. The futures market has about a 70% chance of a cut at the March meeting. The Dollar Index was off by less than 0.1…
Week Ahead: Attention Turns Back to Inflation Week Ahead: Attention Turns Back to Inflation Reviewed by Marc Chandler on January 06, 2024 Rating: 5
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Greenback is Bid ahead of the Jobs Report

January 05, 2024
Overview: The dollar is bid going into the December jobs report. After selling off into the end of last year, it has recovered this week. The five-day moving average is crossing the 20-day moving average against several of the currency pairs, capturing the shift in momentum. The greenback's gains have as interest rates have jumped. The 10-year…
Greenback is Bid ahead of the Jobs Report Greenback is Bid ahead of the Jobs Report Reviewed by Marc Chandler on January 05, 2024 Rating: 5
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Consolidative Tone Emerges Ahead of Tomorrow's US Jobs and EMU CPI

January 04, 2024
Overview: After gaining for the past couple of sessions to open the New Year, the dollar is mostly softer today. The yen is the main exception. The greenback was bid above the JPY144 area where chunky options expire today. Most emerging market currencies are also firmer though there are a few exceptions in Asia, like the South Korean won and Thai …
Consolidative Tone Emerges Ahead of Tomorrow's US Jobs and EMU CPI Consolidative Tone Emerges Ahead of Tomorrow's US Jobs and EMU CPI Reviewed by Marc Chandler on January 04, 2024 Rating: 5
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Holiday Moves Continue to be Unwound

January 03, 2024
Overview: The dollar is firm. Rates are mostly higher and equities lower. The moves scored in the holiday-thin markets are at end of last year are being unwound. This does not appear complete yet. Geopolitical tensions remain high but do not seem to be having a direct market influence as both gold and oil are trading lower. Among the G10 currencie…
Holiday Moves Continue to be Unwound Holiday Moves Continue to be Unwound Reviewed by Marc Chandler on January 03, 2024 Rating: 5
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Firm Start for the Greenback

January 02, 2024
Overview: The US dollar begins the new year on a firm note. It is recovering against nearly all the G10 and emerging market currencies today after depreciating in the holiday-thin markets over the past couple of weeks. Japanese markets are on holiday until Thursday. The yen and Swiss franc are the poorest performers among the G10 currencies. Among…
Firm Start for the Greenback Firm Start for the Greenback Reviewed by Marc Chandler on January 02, 2024 Rating: 5
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