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US Dollar Losses Yesterday Have Been Mostly Sustained Today

July 16, 2026
There seems to be a nervous calm in the foreign exchange market. The US dollar is mostly in narrow ranges around little changed levels. The euro, for example, is in about a 15-tick range and the greenback is confined to less than a quarter of a yen range. Despite the slightly stronger than expected May UK GDP (0.1%) sterling is among the heaviest …
US Dollar Losses Yesterday Have Been Mostly Sustained Today US Dollar Losses Yesterday Have Been Mostly Sustained Today Reviewed by Marc Chandler on July 16, 2026 Rating: 5
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US Dollar is Mostly Firmer, August WTI Recovers above $80, and China's GDP Disappoints but New 3-year Low Dollar Fix US Dollar is Mostly Firmer, August WTI Recovers above $80, and China's GDP Disappoints but New 3-year Low Dollar Fix Reviewed by Marc Chandler on July 15, 2026 Rating: 5
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Oil Extends Recovery, US Dollar Consolidates, JGBs Rally on New Fin Min Suggestion, China's June Trade Surplus Swells

July 14, 2026
The US dollar is consolidating yesterday’s gains today. An off-ramp to the Middle East conflict seems increasingly elusive. After surging more than 9% yesterday, the front month WTI and Brent oil futures contracts are up 3.6%-4.6% today. There are three developments in the US that will be closely monitored today. First, the June CPI is due. It loo…
Oil Extends Recovery, US Dollar Consolidates, JGBs Rally on New Fin Min Suggestion, China's June Trade Surplus Swells Oil Extends Recovery, US Dollar Consolidates, JGBs Rally on New Fin Min Suggestion, China's June Trade Surplus Swells Reviewed by Marc Chandler on July 14, 2026 Rating: 5
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Middle East Conflict and Pressure on Chips Challenge Investors

July 13, 2026
The re-intensification of the Middle East war initially roiled the markets but as the session progressed, oil has pulled back and equities have stabilized. August WTI briefly traded above $75 and is now around $73.50, which is still nearly 3% higher. Most of the large Asia Pacific equity markets were under pressure but Europe is little changed and…
Middle East Conflict and Pressure on Chips Challenge Investors Middle East Conflict and Pressure on Chips Challenge Investors Reviewed by Marc Chandler on July 13, 2026 Rating: 5
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Week Ahead: US CPI, China's Q2 GDP, and Bank of Canada Meeting Featured

July 11, 2026
The US dollar was mixed last week. The combination of strong data and the central bank's hawkish hike lifted the New Zealand dollar to the top of the G10 currencies. The roughly 4.5% rally in Brent oil, the first weekly gain in five weeks, seemed to help the Norwegian krone came in a close second. The low yielding Swiss franc and Japanese yen …
Week Ahead: US CPI, China's Q2 GDP, and Bank of Canada Meeting Featured Week Ahead: US CPI, China's Q2 GDP, and Bank of Canada Meeting Featured Reviewed by Marc Chandler on July 11, 2026 Rating: 5
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JGB Yields Fall for the First Time in Two Weeks and Yen Bounces as Fin Min Calls on Nation's Pension Funds to Boost Domestic Allocation

July 10, 2026
The US dollar is softer against most currencies today. The main feature is the recovery of the yen, not in response to material intervention but on the call from the finance minister for Japanese pension funds to invest more in domestic assets. The Nikkei rallied 1.2% and the 10-year JGB yield fell for the first time in two weeks. The 13 basis poi…
JGB Yields Fall for the First Time in Two Weeks and Yen Bounces as Fin Min Calls on Nation's Pension Funds to Boost Domestic Allocation JGB Yields Fall for the First Time in Two Weeks and Yen Bounces as Fin Min Calls on Nation's Pension Funds to Boost Domestic Allocation Reviewed by Marc Chandler on July 10, 2026 Rating: 5
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The US Dollar Consolidates with a Softer Bias as Oil Steadies

July 09, 2026
With the fog of war still shrouding the near-term outlook, the US dollar is mostly consolidating with a softer bias against the G10 currencies. Outside of the New Zealand dollar that is still basking in yesterday's rate hike, and the Canadian dollar, which is slightly softer, the other G10 currencies are up less than 0.15% ahead of the North A…
The US Dollar Consolidates with a Softer Bias as Oil Steadies The US Dollar Consolidates with a Softer Bias as Oil Steadies Reviewed by Marc Chandler on July 09, 2026 Rating: 5
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