Marc Chandler

The US dollar is weaker against all the G10 currencies today. The New Zealand dollar is the strongest, which might fit into the narrative that the carry trades are making a comeback, but the yen and...

The most recent data showed that Japanese investors took advantage of the yen's strength last week to buy foreign bonds and stocks. The US weekly jobs claims to their lowest level in four weeks,...

The calls earlier this week for an emergency rate cut seemed to be a call for the Fed put, which, we argue is misunderstood. It is not about the stock market per se but financial stability, which did...

A global market selloff unfolded today, with the Nikkei 225 index suffering its largest one-day decline in over 40 years. Taiwan and South Korean equities were tagged for more than 8% in a sea of red...

Federal Reserve Chair Powell said that although confidence has risen that inflation is on course back to 2%, the Fed is not quite confident enough to cut rates. The market effectively eased for it....

Neither the FOMC statement nor Fed Chair Powell's press conference dented the markets confidence that the Federal Reserve will begin an easing cycle at its next meeting in September. Yet, the dollar...

An unexpected decline in Japan's unemployment did not prevent a retreat in the USD/JPY to a four-day low ahead of tomorrow's data and conclusion of the BOJ meeting. The dollar has probed the JPY155...

The dollar's gains have been extended today, but in the risk-off mode, and unwinding of carry positions, the Japanese yen and Swiss franc are firmer. The dollar has stabilized in late European...

The swaps market slightly raised the likelihood of an August cut in the US (~68% vs. 65%), a September cut (98% vs. 88%) and two cuts this year (98% vs. 80%) over the course of the past...

The US Dollar is firm. Rates are mostly higher and equities are lower. The moves scored in the holiday-thin markets are at end of last year are being unwound. This does not appear complete yet....