A Strong Non-Farm Payrolls May Not be Enough

Between hawkish FOMC minutes, a strong ADP report and surge in Treasury yields the U.S. dollar should be stronger.  However in the last 48 hours, the greenback pulled back against the Japanese Yen, saw modest gains versus commodity currencies and consolidated against euro and sterling.  

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USDCAD to 1.30?

Today’s U.S. economic reports reminded investors of the dollar’s appeal.  The labor market is strong and the Federal Reserve will be actively reducing stimulus this year driving rates higher.

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AUD Holds .7000 Ahead of RBA

The U.S. dollar rallied on Monday against some but not all of the major currencies.   Our readers should not find the rally in USD/JPY or decline in EUR/USD surprising because we talked about how a soft jobs report changes nothing for U.S. policymakers on Friday who are laser focused on inflation. 

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