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Renewed US Tariff Threat Doesn't Stop Equities from Marching Higher

January 31, 2025
Overview: The renewed threat of a 25% tariff on Canada and Mexico as soon as tomorrow has lifted the US dollar broadly and has not derailed the firmer tone in global equities. There are still many unknowns and questions, and this will keep investors and businesses on tenterhooks. The greenback is mixed against the G10 currencies in Europe and is m…
Renewed US Tariff Threat Doesn't Stop Equities from Marching Higher Renewed US Tariff Threat Doesn't Stop Equities from Marching Higher Reviewed by Marc Chandler on January 31, 2025 Rating: 5
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Nervous Calm Shrouds FX, while February 1 US Tariffs Look Less Likely

January 30, 2025
Overview:  There is a nervous calm in the foreign exchange market. The Federal Reserve indicated that the relatively good economic performance allow is to bide its time for the economic and policy picture to clarify and policy remained "meaningfully" restrictive. The disappointing GDP figures from Germany, France, and Italy today provide…
Nervous Calm Shrouds FX, while February 1 US Tariffs Look Less Likely Nervous Calm Shrouds FX, while February 1 US Tariffs Look Less Likely Reviewed by Marc Chandler on January 30, 2025 Rating: 5
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Fed Day: Vigorous Defense of Independence While Standing Pat

January 29, 2025
Overview:  Tariffs and the Federal Reserve meeting are center stage today. Yesterday, the White House reiterated that tariffs on Canada and Mexico could be announced this weekend. The Canadian dollar is softer, and the Bank of Canada is widely expected deliver a quarter-point cut today and hint at a pause. There is practically no question about th…
Fed Day: Vigorous Defense of Independence While Standing Pat Fed Day: Vigorous Defense of Independence While Standing Pat Reviewed by Marc Chandler on January 29, 2025 Rating: 5
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New Tariff Threat Fuels Turn Around Tuesday ahead of Tomorrow's FOMC Decision New Tariff Threat Fuels Turn Around Tuesday ahead of Tomorrow's FOMC Decision Reviewed by Marc Chandler on January 28, 2025 Rating: 5
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DeepSeek Sends US Stocks Sharply Lower, Dragging Rates Down, while Resolution of Tiff with Colombia Weighs on the Dollar

January 27, 2025
Overview: There have been two significant developments that are rocking US equities and sending US yields sharply lower. First, Chinese-made AI has taken the world by storm. Apparently, DeepSeek is cheaper to build, consumes less energy, and is faster than the other AIs. There seems to be innovations outside of replication. The second is a brouhah…
DeepSeek Sends US Stocks Sharply Lower, Dragging Rates Down, while Resolution of Tiff with Colombia Weighs on the Dollar DeepSeek Sends US Stocks Sharply Lower, Dragging Rates Down, while Resolution of Tiff with Colombia Weighs on the Dollar Reviewed by Marc Chandler on January 27, 2025 Rating: 5
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Week Ahead: Can the Dollar's Downside Correction Withstand the Divergence of Policy? Week Ahead: Can the Dollar's Downside Correction Withstand the Divergence of Policy? Reviewed by Marc Chandler on January 25, 2025 Rating: 5
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Dollar Slides

January 24, 2025
Overview: The US dollar is broadly lower. The tariff-threat inspired gains stalled and the BOJ rate hike and stronger PMI in Europe have dragged the greenback lower against all the G10 currencies and nearly all of the emerging market currencies. While the market remains vulnerable to pronouncements from Washington, and next week's policy diver…
Dollar Slides Dollar Slides Reviewed by Marc Chandler on January 24, 2025 Rating: 5
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Foreign Exchange Market Becalmed (Momentarily?)

January 23, 2025
Overview:  After wild swings in recent days, there is a nervous calm in the foreign exchange market so far today. The US dollar is narrowly mixed against the G10 currencies and is +/- about 0.15%. The dollar bloc and Scandis are softer. Among emerging market currencies, central European currencies and the Mexican peso lead the advancers, while Asi…
Foreign Exchange Market Becalmed (Momentarily?) Foreign Exchange Market Becalmed (Momentarily?) Reviewed by Marc Chandler on January 23, 2025 Rating: 5
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US Dollar Extends Losses after North America Faded Yesterday's Tariff-Threat Induced Gains US Dollar Extends Losses after North America Faded Yesterday's Tariff-Threat Induced Gains Reviewed by Marc Chandler on January 22, 2025 Rating: 5
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