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After Extending Its Gains, the Greenback Softens

February 06, 2026
The US dollar is seeing this week’s gains pared against most of the G10 currencies today. The Australian dollar has recovered from a two-week low set earlier today and is the only G10 currency that has gained on the greenback this week. The Reserve Bank of Australia raised rates earlier this week and the market has brought forward its expectation …
After Extending Its Gains, the Greenback Softens After Extending Its Gains, the Greenback Softens Reviewed by Marc Chandler on February 06, 2026 Rating: 5
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ECB and BOE to Stand Pat, while USD is mostly Firmer

February 05, 2026
The US dollar is enjoying a firmer tone today against most of the G10 currencies. The consolidative/corrective tone continues. The European Central Bank and the Bank of England meeting outcomes are awaited. Neither central bank will do anything, giving the commentary extra sway.  The bar to another ECB rate cut seems high, though headline inflatio…
ECB and BOE to Stand Pat, while USD is mostly Firmer ECB and BOE to Stand Pat, while USD is mostly Firmer Reviewed by Marc Chandler on February 05, 2026 Rating: 5
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Sunday's Election Prospects Weigh on the Yen

February 04, 2026
The dollar enjoys a broadly firmer today, but it is mostly consolidating. The Japanese yen is a notable exception. The greenback reached JPY156.85, its best level since January 23 and does not look as if it has peaked. Sunday’s election is around the corner and polls show Prime Minister Takaichi leading the LDP to a strong showing, where it may re…
Sunday's Election Prospects Weigh on the Yen Sunday's Election Prospects Weigh on the Yen Reviewed by Marc Chandler on February 04, 2026 Rating: 5
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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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