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Bear Market Time for Equities But A Grand Time for the Dollar
June 13, 2022
Last Friday’s U.S. CPI report that revealed a 485-month high 8.6% rate of inflation exceeded expectations and drove a big nail into hopes that a return to in-target inflation can be restored in a sustained way without going through an economic recession. The Federal Open Market Committee will announce another interest rate hike this Wednesday. […] More
Rout of Risky Assets Continues
January 21, 2022
The third week of January has seen relentless selling pressure against riskier financial assets, and Friday is not providing any respite. At next Wednesday’s post-FOMC press conference, Fed Chairman Powell is widely expected to signal a likely rate hike in March and other coming steps to rein in the accommodative policy stance. Equities around the […] More
Somewhat Firmer Dollar and Share Prices Holding onto Monday’s Recovery
June 22, 2021
The dollar firmed overnight by 0.2% against its weighted DXY index, the yen, euro, Swiss franc and loonie. The dollar also advanced 0.3% against the Australian dollar and sterling, 0.4% versus the Mexican peso, and 0.1% vis-a-vis the kiwi and yuan. The dollar fell back 0.9% against the Turkish lira from a record high. Last […] More
