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Sterling and Gilts Pressed Lower by Firmer CPI

November 20, 2024
Overview: US dollar and rates are firmer today. All the G10 currencies are lower, led by the Japanese yen. The UK reported firmer than expected CPI and this may have deflected some of the selling pressure away from sterling, which is off less than 0.2% to put it atop the pack ahead of the US open. Nearly all the emerging market currencies are lowe…
Sterling and Gilts Pressed Lower by Firmer CPI Sterling and Gilts Pressed Lower by Firmer CPI Reviewed by Marc Chandler on November 20, 2024 Rating: 5
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Geopolitics Roil Capital Markets

November 19, 2024
Overview: Within hours of the US giving permission to Ukraine to use US weapons to strike Russian territory, which it did, Moscow announced a change it is nuclear doctrine that allow for the use of nuclear weapons against a conventionally armed adversary that is backed by nuclear powers. This follows on the heels of the failure of two telecom cabl…
Geopolitics Roil Capital Markets Geopolitics Roil Capital Markets Reviewed by Marc Chandler on November 19, 2024 Rating: 5
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Fragile and Consolidative Tone Starts the Week in FX

November 18, 2024
Overview: The US dollar has begun the new week consolidating in a mixed fashion against the G10 currencies. Bank of Japan Governor Ueda remains circumspect and did not provide guidance about next month's central bank meeting. Without positive guidance, the market sold the yen, but the swaps market shows about 13 bp of tightening has been disco…
Fragile and Consolidative Tone Starts the Week in FX Fragile and Consolidative Tone Starts the Week in FX Reviewed by Marc Chandler on November 18, 2024 Rating: 5
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Week Ahead: Powerful Forces Rippling Through the Capital Markets Do Not Appear Exhausted Week Ahead: Powerful Forces Rippling Through the Capital Markets Do Not Appear Exhausted Reviewed by Marc Chandler on November 16, 2024 Rating: 5
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FX and Rates Unwind Yesterday's Powell Effect, US Index Futures Slide

November 15, 2024
Overview:  The dollar bounced, and US rates rose yesterday afternoon in response to comments by Fed Chair Powell. But he did little more that reiterate what he had said at the recent press conference. Powell expressed a lack of urgency to move after having led the central bank in delivering a 50 bp cut to start the easing in September while indica…
FX and Rates Unwind Yesterday's Powell Effect, US Index Futures Slide FX and Rates Unwind Yesterday's Powell Effect, US Index Futures Slide Reviewed by Marc Chandler on November 15, 2024 Rating: 5
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The Dollar's Surge Continues

November 14, 2024
Overview: The dollar's surge continues. Most G10 currencies are off 0.45%-0.65%. The US dollar is trading above CAD1.40 for the first time since the pandemic, but the Canadian dollar is faring the best of the G10 today (~-0.15%). Since US election, it is the only major currency not to have fallen by at least 2%. All the emerging market currenc…
The Dollar's Surge Continues The Dollar's Surge Continues Reviewed by Marc Chandler on November 14, 2024 Rating: 5
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Dollar Bulls Catch Breath

November 13, 2024
Overview: Surging US yields helped send the dollar higher but wobbled the stock market yesterday. A fragile consolidative tone has emerged today for the foreign currencies. The greenback remains mostly within yesterday's ranges. All but a few emerging market currencies are trading with a firmer bias. Beijing's weaker dollar fix may have be…
Dollar Bulls Catch Breath Dollar Bulls Catch Breath Reviewed by Marc Chandler on November 13, 2024 Rating: 5
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