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Debt Ceiling Progress, Weak Chinese and Japanese Data, and Soft EMU CPI, Sends the Dollar Higher Debt Ceiling Progress, Weak Chinese and Japanese Data, and Soft EMU CPI, Sends the Dollar Higher Reviewed by Marc Chandler on May 31, 2023 Rating: 5
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The Dollar Reverses Early Gains

May 30, 2023
Overview:  The debt ceiling drama is not over. The agreement between the negotiating teams of President Biden and House Speaker McCarthy sets the stage for the next act in the drama: each side must deliver the votes. A preliminary vote today in the House of Representatives is likely today ahead of floor vote tomorrow. Still, the market is optimist…
The Dollar Reverses Early Gains The Dollar Reverses Early Gains Reviewed by Marc Chandler on May 30, 2023 Rating: 5
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June 2023 Monthly

May 27, 2023
June is a pivotal month.The US debt-ceiling political drama cast a pall over sentiment even if it did not prevent the dollar from rallying or the S&P 500 and NASDAQ from setting new highs for the year. It is as if the two political parties in the US are playing a game of chicken and daring the other side to capitulate. Both sides are incentivi…
June 2023 Monthly June 2023 Monthly Reviewed by Marc Chandler on May 27, 2023 Rating: 5
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The Greenback Stalls after Yesterday's Surge as US Negotiators Move Closer to Last-Minute Deal The Greenback Stalls after Yesterday's Surge as US Negotiators Move Closer to Last-Minute Deal Reviewed by Marc Chandler on May 26, 2023 Rating: 5
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Fitch Puts US on Negative Credit Watch and the Dollar Extends its Gains

May 25, 2023
Overview: Concerned about the political wrangling over servicing US debt, Fitch put the US on negative credit watch. Besides chin wagging and finger pointing, it has had little perceptible impact. The dollar is mostly higher, reaching new highs for the year against the Japanese yen, Chinese yuan, and the Antipodean currencies. The euro and sterlin…
Fitch Puts US on Negative Credit Watch and the Dollar Extends its Gains Fitch Puts US on Negative Credit Watch and the Dollar Extends its Gains Reviewed by Marc Chandler on May 25, 2023 Rating: 5
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RBNZ Delivers a Dovish Hike and UK Inflation Surprises to the Upside

May 24, 2023
Overview: Equities in the Asia Pacific region and Europe are being led lower by the sell-off in the US yesterday. All the large Asia Pacific markets fell with Hong Kong and mainland shares setting the pace. Europe's Stoxx 600 is off nearly 1.5%, which would be the largest loss in two months. Consumer discretionary, financials and real estate s…
RBNZ Delivers a Dovish Hike and UK Inflation Surprises to the Upside RBNZ Delivers a Dovish Hike and UK Inflation Surprises to the Upside Reviewed by Marc Chandler on May 24, 2023 Rating: 5
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