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Yen Slides on a Double Whammy

February 24, 2026
The US dollar is mostly slightly firmer against the most of the G10 currencies but largely confined to its recent ranges. The yen is the notable exception. Beijing announced it is sanctioning more Japanese companies with military ties and put others on a watch-list, which no doubt will have a cooling effect. At the same time, recent data shows man…
Yen Slides on a Double Whammy Yen Slides on a Double Whammy Reviewed by Marc Chandler on February 24, 2026 Rating: 5
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When All is Said and Done in FX, Little has been Done

February 23, 2026
The US dollar was fairly resilient in the face of the softer than expected Q4 GDP reading and the Supreme Court’s tariff decision. However, it came under pressure earlier today in the Asia Pacific session, in which Tokyo was closed for a national holiday. It clawed its way back in Europe and is now narrowly mixed. If American leadership is sought …
When All is Said and Done in FX, Little has been Done When All is Said and Done in FX, Little has been Done Reviewed by Marc Chandler on February 23, 2026 Rating: 5
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Week Ahead: Does the Dollar Still Have Legs After the Tariff Ruling?

February 21, 2026
The Supreme Court struck down President Trump's use of emergency powers to impose widespread tariffs. The court did not rule on refunds. Trump quickly announced a 10% across-the-board tariff under Section 122 of the 1974 Trade Act, which allows the president to impose up to 15% tariff for 150 days. The dollar remained firm after the softer tha…
Week Ahead: Does the Dollar Still Have Legs After the Tariff Ruling? Week Ahead: Does the Dollar Still Have Legs After the Tariff Ruling? Reviewed by Marc Chandler on February 21, 2026 Rating: 5
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Tariff Decision Day?

February 20, 2026
The US dollar is trading mostly firmer but quietly in what could be a volatile North American session. It is not just about the US data, of which there is plenty—including the PCE deflator and the first look at Q4 GDP, the preliminary February PMI and the University of Michigan’s final February reading on consumer confidence. The Supreme Court wil…
Tariff Decision Day? Tariff Decision Day? Reviewed by Marc Chandler on February 20, 2026 Rating: 5
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FX Market Awaits North American Leadership

February 19, 2026
The North American market took the dollar lower on Tuesday, and there was little follow through selling. Yesterday, the dollar as bid in North America and rather than resist, European more than Asia Pacific operators have extended the greenback’s gains. The somewhat more hawkish FOMC minutes sat the US two-year yield recover to session highs yeste…
FX Market Awaits North American Leadership FX Market Awaits North American Leadership Reviewed by Marc Chandler on February 19, 2026 Rating: 5
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US Dollar is Mostly Firmer, amid Weak Conviction

February 18, 2026
The US dollar was sold to new session lows against several currency pairs late in the North American afternoon yesterday, but there has been little follow-through today. The greenback is firmer against most of the G10 currencies today in subdued activity. The highlight includes an unexpected dovish hold by the Reserve Bank of New Zealand and a sof…
US Dollar is Mostly Firmer, amid Weak Conviction US Dollar is Mostly Firmer, amid Weak Conviction Reviewed by Marc Chandler on February 18, 2026 Rating: 5
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UK Unemployment Rises and Private Pay Increases Slow to Five-Year Lows, Pulling Sterling Lower UK Unemployment Rises and Private Pay Increases Slow to Five-Year Lows, Pulling Sterling Lower Reviewed by Marc Chandler on February 17, 2026 Rating: 5
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