Category: Uncategorized

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Interbank market news scan: Trump makes an inflation promise that he can’t keep.

U.S. President Donald J. Trump promised today during his inaugural address that he would address the levels of inflation brought on by government overspending and high energy costs. He offered as a solution the old mantra, “Drill, baby, drill” implying that increases in the supply of American extracted and processed oil and gas would increase … Continue reading Interbank market news scan: Trump makes an inflation promise that he can’t keep.

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Interbank market news scan: Is the U.S. House task force on monetary policy more political than monetary?

U.S. Representative French Hill, Republican of Arkansas and chairman of the U.S. House Committee on Financial Services, announced earlier this week the formation of the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force. According to Mr. Hill’s statement: “The Committee’s new Task Force will conduct hearings looking into issues relating to monetary policy, … Continue reading Interbank market news scan: Is the U.S. House task force on monetary policy more political than monetary?

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Interbank market news scan: Will trader sentiment push EUR/USD below 1.0321?

Analysts at FXStreet see no turn around in Europe’s growth woes especially given rising gas prices this winter. MarketWatch reports the current DXY is at 108.88 (12:21 AM EST) and FXStreet analysts can see the DXY going as high as 110.0 before making a pullback. FXStreet analysts also see continued dollar strengthening expecting the EUR/USD … Continue reading Interbank market news scan: Will trader sentiment push EUR/USD below 1.0321?

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The 119th Congress takes its seat tomorrow as the dollar continues to strengthen.

The GOP-controlled 119th Congress will take its seat around noon tomorrow. Over in the House chamber, there will be a vote for the Speaker of the House. Meanwhile, results from the Pan-European Manufacturing Purchasing Managers Index demonstrates the danger of making a five day call on where the EUR/USD may end up at week’s end. … Continue reading The 119th Congress takes its seat tomorrow as the dollar continues to strengthen.

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If FDI inflows are trending down, shouldn’t price of USD follow?

With all the talk of Brazil, Russia, India, China, and South Africa going their own way by moving away from the USD, the presumptive president-elect seeking a weaker dollar that promotes the export of goods manufactured in the United States, and a downward trend in foreign direct investment inflows to the United States, it would … Continue reading If FDI inflows are trending down, shouldn’t price of USD follow?

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Trump to the BRICS: “Don’t muscle in on my currency turf.”

The expansion of the BRICS alliance has been happening without any noticeable concern by the outgoing Biden-Harris administration. I heard no mention of BRICS by former Democratic presidential candidate Kamala Harris during her 2024 campaign. As potential de jure head of state, one would think that both her and the presumptive president-elect, Donald Trump, would … Continue reading Trump to the BRICS: “Don’t muscle in on my currency turf.”