Marc Chandler | TalkMarkets | Page 14
Political Economist
Marc Chandler has been covering the global capital markets in one fashion or another for more than 25 years, working at economic consulting firms and global investment banks. Chandler attended North Central College for undergraduate work, where he majored in political science and the humanities. ...more

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US GDP Lifts Dollar And Stocks
On a year-over-year basis, the US economy expanded by 2.4%, which is close to what economists view as trend growth.
US Alphabet Soup Day: ADP, GDP, And FOMC
The US dollar is firm ahead of what promises to be an eventful North American session. The ADP steals much of the thunder once reserved from the monthly non-farm payrolls report.
The Dollar And Yuan: No Contest...Yet
James Kynge writing in the Financial Times in early June (June 6, "US warming to the redback from China trade") that "China's renminbi is rapidly displacing the dollar as a trading currency not only in Asia and Europe but now also in the US home market." Many observes seem to agree.
Great Graphic : Euro Area Inflation--When The Rubber Hits The Road
The adjustment in the periphery of Europe has two dimensions. The first, which has dominated developments, was prices. One way to boost competitiveness is for euro area member to have lower inflation than Germany.
FX: Still Waiting
To say that the foreign exchange market is quiet is to bemoan the obvious. What is particularly striking is that the euro's range yesterday may have been among the smallest and today is matching it, thus far. According to Bloomberg data, yesterday's range was 17 ticks.
Great Graphic: Spot The Secular Stagnation
This Great Graphic was tweeted by the Financial Acrobat. The charts show US and euro area GDP in log charts that also plot the pre-crisis trend. It is clear that the crisis has thrown the US off its prior path, but it now appears to be on a parallel path, that is lower.
Busy Week Starts Quietly
This is an eventful week, but the economic calendar starts slowly. The FOMC meeting, first look at Q1 US GDP and the US jobs report, are the highlights. The capital markets are also off to a slow start. The US dollar is narrowly mixed.
It Is Mostly About The US In The Week Ahead
The main drivers in the week ahead will come from the United States. Rarely does the Federal Reserve Open Market Committee meet in the same week as the monthly jobs report.
Respecting FX Price Action
Against the major currencies, the US dollar had a good week. It appreciated across the board, with two minor exceptions...
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