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ECB Meeting And US CPI: Transitory Impact
Article By:
Marc Chandler
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Thursday, June 10, 2021 7:05 AM EDT
The ECB meeting and the US May CPI report is at hand. The US dollar is consolidating at a higher level against most of the major currencies. Softer than expected, inflation readings are weighing on the Scandis, which are bearing the brunt.
Without Yield Support, The Dollar Wilts
Article By:
Marc Chandler
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Wednesday, June 9, 2021 6:58 AM EDT
Falling US yields weigh on the US dollar. The 10-year Treasury yield is flirting with the 1.50% mark, and the greenback is trading heavily against all the major and most emerging market currencies.
Brazil Boils
Article By:
Bespoke Investment Group
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Tuesday, June 8, 2021 9:47 AM EDT
It’s been a hot time for stocks in Brazil over the last several days. The country’s benchmark Ibovespa index broke out above its highs from early this year completing a cup and handle formation and hasn’t looked back since.
Pre-June US/World S&D Reports - Limited 2020/21 US S&D Changes Expected, South American Crops Key
Article By:
Jerry Gidel
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Tuesday, June 8, 2021 4:32 AM EDT
Corn’s ethanol utilization through April and the expansion of automobile travel as US vaccinations move to 70% suggests biofuel output could return to 2019 levels.
The Greenback Steadies After Retreating On The Jobs Data
Article By:
Marc Chandler
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Monday, June 7, 2021 7:15 AM EDT
After falling to 1.55% after the US employment data, which, while mixing expectations, could hardly be considered weak, the US 10-year yield has come back firmer today (1.58%) This may be lending the greenback a better tone.
Visualizing 50 Years Of Global Steel Production
Article By:
Jeff Desjardins
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Wednesday, June 2, 2021 9:11 AM EDT
From the bronze age to the iron age, metals have defined eras of human history. If our current era had to be defined similarly, it would undoubtedly be known as the steel age.
The Dollar Snaps Back
Article By:
Marc Chandler
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Wednesday, June 2, 2021 6:00 AM EDT
The US dollar is enjoying broad, even if not large, gains today following yesterday's recovery from three-year lows against sterling and four-year lows against the Canadian dollar.
China Raises Reserve Requirement For FX, Stemming The Yuan's Rise
Article By:
Marc Chandler
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Monday, May 31, 2021 7:27 AM EDT
A series of comments by Chinese officials appeared to talk the yuan lower, emphasizing that the recent gains were unlikely to last due to speculation, potential Fed tightening, and or rate adjustments in the emerging markets.
Dollar Correction At Hand Or Just End-Of-Month Adjustment?
Article By:
Marc Chandler
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Sunday, May 30, 2021 8:28 AM EDT
The key question facing the foreign exchange participants is whether the dollar's bounce into the end of May is the beginning of a more sustained correction after falling for two months or simply a pause in the selling pressure.
E Some G20 Economies Are Experiencing High Inflation And Unemployment
Article By:
Arthur Donner
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Friday, May 28, 2021 4:52 PM EDT
An overview of the G20 economies shows a wide range of growth and recovery but some are battling inflation and high unemployment, diluting their ability to bounce back.