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RBA Delivers Dovish Cut, UK's Labor Market Stabilizes, Attention now US CPI RBA Delivers Dovish Cut, UK's Labor Market Stabilizes, Attention now US CPI Reviewed by Marc Chandler on August 12, 2025 Rating: 5
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Greenback Steadies Ahead of Tomorrow's CPI

August 11, 2025
Overview: With Japanese markets closed for Mountain Day and a quiet summer Monday in Europe, activity in the foreign exchange market is subdued. It may continue in North America today, ahead of tomorrow’s CPI. Most of the G10 currencies are in narrow ranges and +/- 0.2% against the US dollar. Emerging market currencies are mostly in narrow, consol…
Greenback Steadies Ahead of Tomorrow's CPI Greenback Steadies Ahead of Tomorrow's CPI Reviewed by Marc Chandler on August 11, 2025 Rating: 5
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Week Ahead: Firm US CPI Won't Deter September Fed Rate Cut

August 09, 2025
It seems clear that the July jobs data was an important turning point. The two dovish governor dissents from the FOMC's decision to standpat, citing not economic strength like the White House, but recognizing the weakness in the labor market, were not outliers as much as the proverbial canaries in a coal mine. The market had recognized the str…
Week Ahead: Firm US CPI Won't Deter September Fed Rate Cut Week Ahead: Firm US CPI Won't Deter September Fed Rate Cut Reviewed by Marc Chandler on August 09, 2025 Rating: 5
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US Tariffs Roil Gold Futures, while Greenback Steadies

August 08, 2025
Overview: Most the dollar's late sell-off yesterday after the White House endorsed Stephen Miran to fill the remainder of Governor Kugler's term at the Federal Reserve has been recouped today. In mostly narrow ranges, the greenback is firmer against the G10 currencies but the Canadian dollar and sterling. The dollar is also trading with a …
US Tariffs Roil Gold Futures, while Greenback Steadies US Tariffs Roil Gold Futures, while Greenback Steadies Reviewed by Marc Chandler on August 08, 2025 Rating: 5
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Anticipated BOE Rate Cut Doesn't Prevent Sterling from Pushing Higher

August 07, 2025
Overview: After selling off sharply last Friday, the US dollar consolidated on Monday and Tuesday before taking another leg lower yesterday. It remains under pressure today, though it has stabilized in late European morning turnover, though even a dismal German industrial production report was unable to deter the euro from rising to almost $1.17. …
Anticipated BOE Rate Cut Doesn't Prevent Sterling from Pushing Higher Anticipated BOE Rate Cut Doesn't Prevent Sterling from Pushing Higher Reviewed by Marc Chandler on August 07, 2025 Rating: 5
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Consolidative Phase Continues in FX Market as Key Events Loom

August 06, 2025
Overview: The US dollar's July rally came to an abrupt end last Friday and continues to mostly consolidate as new developments are awaited. In particular, the nomination for Governor Kugler's successor on the Federal Reserve Board may trigger the next act in the drama, though the market now is considerably more comfortable with the idea th…
Consolidative Phase Continues in FX Market as Key Events Loom Consolidative Phase Continues in FX Market as Key Events Loom Reviewed by Marc Chandler on August 06, 2025 Rating: 5
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August 2025 Monthly

August 02, 2025
(Daily commentary resumes Wednesday, August 6.  Thanks for your patience.)
The August lull is a myth—a mirage for those who mistake heat for inertia. As this summer advances, businesses and investors should brace for turbulence, not tranquility. A kaleidoscope of US tariffs, an escalation of Russia's assault on Ukraine ahead of the American dea…
August 2025 Monthly August 2025 Monthly Reviewed by Marc Chandler on August 02, 2025 Rating: 5
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