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US Dollar Threatening to Break Higher

May 14, 2026
The US dollar is trading quietly against the major currencies. The euro is holding above $1.17 and sterling is holding above $1.35, but the market does not appear done probing these support areas.  The greenback has also traded as close to JPY158 as possible without going over. This is where the Bank of Japan may have intervened last week. In the …
US Dollar Threatening to Break Higher US Dollar Threatening to Break Higher Reviewed by Marc Chandler on May 14, 2026 Rating: 5
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The Euro and Sterling are Threatening to Break Lower, while a Record Current Account Surplus Does not Prevent the Yen from Challenging Intervention Levels

May 13, 2026
The lack of progress in re-opening the Strait of Hormuz has not prevented oil prices from stabilizing or risk-appetites improving today. Equities and bonds are trading with a firmer bias. The Trump-Xi meeting tomorrow is key talking point today. Ahead of it, the PBOC set the dollar’s reference rate at a new three-year low. US Treasury Secretary Be…
The Euro and Sterling are Threatening to Break Lower, while a Record Current Account Surplus Does not Prevent the Yen from Challenging Intervention Levels The Euro and Sterling are Threatening to Break Lower, while a Record Current Account Surplus Does not Prevent the Yen from Challenging Intervention Levels Reviewed by Marc Chandler on May 13, 2026 Rating: 5
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Ceasefire is on "Life Support": Saps Risk Appetites, Buoys the Greenback

May 12, 2026
The uncertainty about the US-Iran fragile ceasefire, which President Trump has said is on “life support” is weighing on risk-taking appetites today. Brent and WTI are up over $3 and bonds and stocks have been sold. The US dollar is firmer against the G10 currencies but the Norwegian krone. Most emerging market currencies are lower. Ahead of the Xi…
Ceasefire is on "Life Support": Saps Risk Appetites, Buoys the Greenback Ceasefire is on "Life Support": Saps Risk Appetites, Buoys the Greenback Reviewed by Marc Chandler on May 12, 2026 Rating: 5
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Monday Blues: US Negotiating Tactic or Ceasefire may End

May 11, 2026
News that the US rejected Iran’s counter-proposal is set the tone for today’s session. The dollar is mostly firmer, though the Canadian dollar and Norwegian krone are slightly firmer. Equities are mostly lower, yields, higher, alongside oil. Appreciating the seeming reluctance of the US to renew “kinetic” operations, the North American market may …
Monday Blues: US Negotiating Tactic or Ceasefire may End Monday Blues: US Negotiating Tactic or Ceasefire may End Reviewed by Marc Chandler on May 11, 2026 Rating: 5
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Week Ahead: Trump-Xi and US-China CPI

May 09, 2026
There were several developments to note last week, but arguably the most important was that investors are optimistic that the Middle East war is winding down despite some violations of the ceasefire. June WTI fell by 7% to around $95 a barrel, after rising by more than 22% in the previous two weeks. July Brent tumbled by about 6.6% to $101 a barre…
Week Ahead: Trump-Xi and US-China CPI Week Ahead: Trump-Xi and US-China CPI Reviewed by Marc Chandler on May 09, 2026 Rating: 5
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US Jobs on Tap after Court Ruled Against Section 122 Tariffs and Conflict in the Middle East US Jobs on Tap after Court Ruled Against Section 122 Tariffs and Conflict in the Middle East Reviewed by Marc Chandler on May 08, 2026 Rating: 5
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The Yuan's Quiet Rise and Next Week's Summit

May 07, 2026
The offshore yuan appreciated nearly 5% against the dollar last year. The onshore yuan gained about 4.25%.  This year has picked up were 2025 left off.  Through yesterday, the offshore yuan has added roughly 2.4% this year, the onshore unit 2.6%. That puts it second among emerging market currencies in the region, trailing only the Malaysian ringgi…
The Yuan's Quiet Rise and Next Week's Summit The Yuan's Quiet Rise and Next Week's Summit Reviewed by Marc Chandler on May 07, 2026 Rating: 5
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