Results for Currency Movement
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USD Remains Soft, Norway Hiked, Mexico to Cut, and UK Votes

May 07, 2026
Hopes that the war on Iran is nearly over and that the Strait of Hormuz will open soon and ease the supply shock that has rippled across the global markets continues to underpin risk appetites today. The AI boom and the infrastructure and defense spending in Europe are also contributing. The dollar is mostly softer, oil prices lower and yields ext…
USD Remains Soft, Norway Hiked, Mexico to Cut, and UK Votes USD Remains Soft, Norway Hiked, Mexico to Cut, and UK Votes Reviewed by Marc Chandler on May 07, 2026 Rating: 5
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TACO Delivered a Day after Cinco De Mayo

May 06, 2026
There is one overarching fundamental development today that is driving the risk-on in the capital markets and weighing on the dollar. President Trump announced the US was suspending its new escort service in the Strait of Hormuz. Ostensibly at the request of Pakistan and other countries, the decision was to give negotiators more time. Front-month …
TACO Delivered a Day after Cinco De Mayo TACO Delivered a Day after Cinco De Mayo Reviewed by Marc Chandler on May 06, 2026 Rating: 5
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US Dollar Mostly Softer, Gilts Play Catch-up, and the RBA Delivered Third Hike and Signals a Pause US Dollar Mostly Softer, Gilts Play Catch-up, and the RBA Delivered Third Hike and Signals a Pause Reviewed by Marc Chandler on May 05, 2026 Rating: 5
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US-Iran Ceasefire at Risk: Oil Pulls Rates Higher

May 04, 2026
The US dollar recovered in late turnover ahead of the weekend and has extended its recovery today in holiday-thin trading. Japan, China, and UK markets are closed. The ceasefire in the US-Iran war looks fragile as Washington says it will begin escorting ships out of the Strait of Hormuz and Tehran threatens to attack the ships. June WTI is trading…
US-Iran Ceasefire at Risk: Oil Pulls Rates Higher US-Iran Ceasefire at Risk: Oil Pulls Rates Higher Reviewed by Marc Chandler on May 04, 2026 Rating: 5
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May Day: Market Looks for US Leadership

May 01, 2026
In holiday-thinned markets, the dollar is mostly softer as North American leadership is awaited.  In light of yesterday’s surge in the yen, and contrary to our expectation, it does appear that Japanese officials materially intervened yesterday. The intervention may have been for around $34.5 bln (~JPY5.4 trillion), which if accurate, would be larg…
May Day: Market Looks for US Leadership May Day: Market Looks for US Leadership Reviewed by Marc Chandler on May 01, 2026 Rating: 5
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The Yen Recovers on Verbal Intervention

April 30, 2026
The North American market understood yesterday’s Fed statement and the three dissents in favor of a neutral bias as a hawkish hold and rallied the dollar in response. Follow-through selling today has been minimal and the greenback is sporting a softer profile. The strongest currency today is the Japanese yen, which had fallen to its lowest level s…
The Yen Recovers on Verbal Intervention The Yen Recovers on Verbal Intervention Reviewed by Marc Chandler on April 30, 2026 Rating: 5
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Oil Prices Advance Ahead of What Will likely be Powell's Last FOMC Meeting (as Chair) Oil Prices Advance Ahead of What Will likely be Powell's Last FOMC Meeting (as Chair) Reviewed by Marc Chandler on April 29, 2026 Rating: 5
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Three Dissents in Favor of a Rate Hike Fail to Support the Yen

April 28, 2026
The markets seem nervous. The dollar is higher against all the G10 currencies and most emerging market currencies. June WTI, which was at $82.60 on April 17, is now pushing against $100. July Brent, which was at $86.50, is now approaching $105. Both are up for the sixth session of the past seven. Equities and bonds are mostly lower. Gold and silve…
Three Dissents in Favor of a Rate Hike Fail to Support the Yen Three Dissents in Favor of a Rate Hike Fail to Support the Yen Reviewed by Marc Chandler on April 28, 2026 Rating: 5
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