Sunday , November 24 2024
Home / SNB & CHF / FX Daily, September 07: Dollar Stabilizes, but Hardly Recovers

FX Daily, September 07: Dollar Stabilizes, but Hardly Recovers

Summary:
[unable to retrieve full-text content]Disappointing industrial output figures from Germany and UK are helping stabilize the US dollar after yesterday's shellacking. Investors have been fickle about the prospects for a rate hike this month, and the unexpected dramatic slide in the service spurred a downgrading of such expectations, and a flight out of the dollar. It was not simply a quest for yields, though that was part of it. Surely the yen and euro's strength is not a function of superior yields than the US.

Topics:
Marc Chandler considers the following as important: , , , , , , , , , ,

This could be interesting, too:

Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI

Marc Chandler writes Geopolitics Roil Capital Markets

Marc Chandler writes Fragile and Consolidative Tone Starts the Week in FX

Marc Chandler writes FX and Rates Unwind Yesterday’s Powell Effect, US Index Futures Slide

[unable to retrieve full-text content]
Disappointing industrial output figures from Germany and UK are helping stabilize the US dollar after yesterday's shellacking. Investors have been fickle about the prospects for a rate hike this month, and the unexpected dramatic slide in the service spurred a downgrading of such expectations, and a flight out of the dollar. It was not simply a quest for yields, though that was part of it. Surely the yen and euro's strength is not a function of superior yields than the US.
Marc Chandler
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.

Leave a Reply

Your email address will not be published. Required fields are marked *