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Week Ahead: Fundamentals and Technicals Give Greenlight to Sell Dollars

August 23, 2025
The market was caught leaning the wrong way. Anticipation that Federal Reserve Chair Powell was going to push against speculation of a September rate cut had underpinned the US dollar and short-term rates. The S&P 500 had sold off for five consecutive sessions, the longest losing streak of the year through August 21. Powell said two things tha…
Week Ahead: Fundamentals and Technicals Give Greenlight to Sell Dollars Week Ahead: Fundamentals and Technicals Give Greenlight to Sell Dollars Reviewed by Marc Chandler on August 23, 2025 Rating: 5
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The Greenback is Firm Ahead of Powell's Jackson Hole Speech

August 22, 2025
Overview: The dollar stalled after mostly extending this week's gains against the G10 currencies on the back of firmer US rates. The key event ahead of the weekend is Fed Chair Powell's speech in Jackson Hole (10 am ET). The greenback appreciated against all the G10 currencies this week, with the Antipodeans and sterling off more than 1% a…
The Greenback is Firm Ahead of Powell's Jackson Hole Speech The Greenback is Firm Ahead of Powell's Jackson Hole Speech Reviewed by Marc Chandler on August 22, 2025 Rating: 5
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Preliminary August PMI Show Many are Coping with US Shock

August 21, 2025
Overview: The broad consolidative tone in the foreign exchange market is continuing today even though nearly all the preliminary August PMI readings showed improvement, including the first time since Russia's invasion of Ukraine that the eurozone's manufacturing PMI is above the 50 boom/bust level. Still, outside of the Norwegian krone, li…
Preliminary August PMI Show Many are Coping with US Shock Preliminary August PMI Show Many are Coping with US Shock Reviewed by Marc Chandler on August 21, 2025 Rating: 5
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Kiwi Pounded on Dovish Guidance by RBNZ and UK Gilts Rise despite Higher than Expected CPI Kiwi Pounded on Dovish Guidance by RBNZ and UK Gilts Rise despite Higher than Expected CPI Reviewed by Marc Chandler on August 20, 2025 Rating: 5
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Market Takes Developments in Stride

August 19, 2025
Overview: Capital market activity is subdued. The US dollar and the dollar-bloc currencies ae mostly a little softer, while the other G10 currencies are around 0.1-0.2% firmer. Emerging market currencies are mixed with central European currencies mostly firmer, though the Russian ruble is the notable exception, off about 1%. European bond yields a…
Market Takes Developments in Stride Market Takes Developments in Stride Reviewed by Marc Chandler on August 19, 2025 Rating: 5
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Dollar Consolidates as Market Awaits Fresh Incentives

August 18, 2025
Overview: The US dollar is mostly consolidating today in quiet turnover. Among the G10 currencies, the dollar-bloc, which underperformed before the weekend, are firmer today, while the other G10 currencies are softer. The focus is not so much on data today but on the meeting in the White House with Ukraine's Zelensky and the European leaders t…
Dollar Consolidates as Market Awaits Fresh Incentives Dollar Consolidates as Market Awaits Fresh Incentives Reviewed by Marc Chandler on August 18, 2025 Rating: 5
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Week Ahead: Will Jackson Hole Confab Show more of the Fed's Hand?

August 16, 2025
The US dollar continued to unwind last month's gains. Last week it fell against all G10 currencies, but the dollar bloc. It was more mixed against emerging market currencies. The Argentine peso was the best performer, gaining 2% but the Argentine political and economic conditions appear worsening and a weaker rather than a stronger currency lo…
Week Ahead: Will Jackson Hole Confab Show more of the Fed's Hand? Week Ahead: Will Jackson Hole Confab Show more of the Fed's Hand? Reviewed by Marc Chandler on August 16, 2025 Rating: 5
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