Category Archive: 4) FX Trends

He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.

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Greenback Bid Ahead of CPI

2024-12-11

by Marc Chandler

2024-12-11

Overview: The dollar is on fire. Ahead of today's US November CPI and tomorrow's anticipated rate cuts by the European Central Bank and the Swiss National Bank, the greenback is rising against all G10 currencies and nearly all emerging market currencies (but the Hong Kong dollar and the Indian rupee, which slipped to a record-low earlier today). There is a press report claiming that Beijing is considering allowing the yuan to fall further but it is...

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Dovish Hold Sends the Aussie Lower

2024-12-10

by Marc Chandler

2024-12-10

Overview: The US dollar is little changed against most of the G10 currencies today. The antipodean currencies are the main exception. A modest change in tone from the Reserve Bank of Australia, boosting the chances of a rate cut early next year sent the Australian dollar back toward yesterday's lows, and the New Zealand dollar fell in sympathy. Most of the G10 currencies sporting softer profiles within the consolidative price action. The greenback...

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US Dollar is Offered and China’s Politburo Promises more Monetary and Fiscal Support

2024-12-09

by Marc Chandler

2024-12-09

The dollar is offered. Neither the 227k rise in nonfarm payrolls, nor the above 3% Q4 growth that the Atlanta Fed sees the economy tracking, or the uptick in November CPI expected to be reported on Wednesday has been sufficient to dampen speculation of a rate cut next week.

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Will a Solid US Jobs Report Dampen Expectation for a Fed Cut This Month?

2024-12-06

by Marc Chandler

2024-12-06

Overview: There are two broad developments in the G10 currencies ahead of the US jobs report. The euro, Swiss franc, sterling, Swedish krona, and the Canadian dollar are in tight ranges with a heavier bias. The others are off a 0.3%-0.7%. There have been various distortions, like storms and industrial action, which exaggerated the weakness of the US labor market, which does seem to be slowing but gradually. Today's report should show a rebound, and...

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