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Reserve Bank of Australia Hikes Rates and Sees Another this Year

February 03, 2026
The sense of anxiety that hung over the capital markets eased today. Equity markets are higher and the meltdown in gold and silver brought in new buying. The US dollar is mostly a little softer, but its upside correction does not appear over. Most emerging market currencies are firmer today, led by the unlikely Indian rupee, which gapped higher fo…
Reserve Bank of Australia Hikes Rates and Sees Another this Year Reserve Bank of Australia Hikes Rates and Sees Another this Year Reviewed by Marc Chandler on February 03, 2026 Rating: 5
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Monday Blues: Precious Metals are Less Precious

February 02, 2026
The dollar begins the new week and new month in a mixed fashion. There have been some follow-through gains after the pre-weekend jump, but a consolidative tone has emerged. The greenback is holding on to gains against the Canadian dollar, Norwegian krone, and Swiss franc. It is nearly flat against the yen. Emerging market currencies are mixed, wit…
Monday Blues: Precious Metals are Less Precious Monday Blues: Precious Metals are Less Precious Reviewed by Marc Chandler on February 02, 2026 Rating: 5
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February 2026 Monthly

January 31, 2026
The revival of the Roosevelt Corollary to the Monroe Doctrine under President Trump's "Donroe Doctrine" marks a turning point in U.S. foreign policy. Washington reportedly carried out hundreds of airstrikes across seven countries in 2025, from Yemen to Nigeria. The new year began with the forcible removal of Venezuela's strongman…
February 2026 Monthly February 2026 Monthly Reviewed by Marc Chandler on January 31, 2026 Rating: 5
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Dollar Stalls after Bouncing on Speculation Warsh to Get Nod for Fed's Helm

January 30, 2026
The market reacted dramatically to media reports that Kevin Warsh will be nominated today to succeed Federal Reserve Chair Powell at the held of the US central bank. On one hand, Warsh is perceived to be a hawk, but on the other hand, there is little doubt that the Trump administration seeks lower interest rates. The initial reaction was to cover …
Dollar Stalls after Bouncing on Speculation Warsh to Get Nod for Fed's Helm Dollar Stalls after Bouncing on Speculation Warsh to Get Nod for Fed's Helm Reviewed by Marc Chandler on January 30, 2026 Rating: 5
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Dollar Gyrations but Little Changed ahead of the North American Session

January 29, 2026
The market extended the greenback’s recovery when Treasury Secretary Bessent told the CNBC audience that the US always supports a strong dollar. However, the market was not fully buying it from the administration, which seemed to offer verbal support for Japan at the end of last week, and the president saying he was unconcerned about the dollar th…
Dollar Gyrations but Little Changed ahead of the North American Session Dollar Gyrations but Little Changed ahead of the North American Session Reviewed by Marc Chandler on January 29, 2026 Rating: 5
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US Dollar Retraces Some of Yesterday's Dramatic Losses

January 28, 2026
President Trump's comments sent the dollar spiraling lower yesterday. His lack of concern about the dollar after it has been falling sharply in recent days played on market fears that the administration wants a weaker dollar. It follows on the heels of what appears to have been tantamount to verbal intervention to support the yen via Fed price…
US Dollar Retraces Some of Yesterday's Dramatic Losses US Dollar Retraces Some of Yesterday's Dramatic Losses Reviewed by Marc Chandler on January 28, 2026 Rating: 5
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Greenback Mostly Consolidates, while Yen Gyrations Point to Nervous Market

January 27, 2026
The greenback is mostly softer against the G10 currencies today. Initial gains had carried the dollar to almost JPY154.90 before a large order, market nervousness over intervention saw a quick drop in early European turnover through yesterday’s lows (~JPY153.30) to about JPY153.20 before steadying. Dollar sentiment is poor amid fear of interventio…
Greenback Mostly Consolidates, while Yen Gyrations Point to Nervous Market Greenback Mostly Consolidates, while Yen Gyrations Point to Nervous Market Reviewed by Marc Chandler on January 27, 2026 Rating: 5
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