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The Commodities Feed: Lower Yields And Weaker USD Push Complex Higher
Article By:
ING Economics
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Tuesday, November 28, 2023 8:44 PM EDT
Commodities rallied yesterday on the back of lower treasury yields and a weaker USD. However, for oil, there is still little clarity over whether OPEC+ has come to an agreement on production quotas ahead of their scheduled meeting on Thursday
Visualizing The Global Coffee Trade By Country
Article By:
Jeff Desjardins
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Monday, November 27, 2023 1:40 AM EDT
Eighty-four percent of global coffee exports come from just 10 countries - all in the "Bean Belt."
In this article: JO (RETIRED)
Some Thoughts On Purchasing Power Parity Estimates
Article By:
Scott Sumner
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Sunday, November 26, 2023 7:01 PM EDT
Statistics may be neat, but real life is messy.
Pairs In Focus This Week - Sunday, Nov. 26
Article By:
Christopher Lewis
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Sunday, November 26, 2023 2:40 PM EDT
The Australian dollar spent the past week rallying. As the trading week came to a close, the 0.66 level appeared to be threatened. If we were to see a close above that point on a daily candlestick, it could go higher, perhaps even to the 0.69 level.
These Are The Countries With The Highest Inflation Rates
Article By:
Tyler Durden
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Thursday, November 23, 2023 9:29 PM EDT
Venezuela is the country with the highest inflation in the world, with an increase in consumer prices estimated at 360 percent in 2023, according to the latest figures from the International Monetary Fund (IMF), published in October.
Dollarization For Argentina?
Article By:
Scott Sumner
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Tuesday, November 21, 2023 1:06 PM EDT
If Argentina intends to dollarize, now would be a good time to do so.
Argentina’s New President Wants To Adopt The U.S. Dollar, How Would That Work?
Article By:
Mish Shedlock
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Monday, November 20, 2023 12:50 PM EDT
Argentina had a choice: Stick with a socialist and massive hyperinflation or try something else. Argentina chose wisely. Now what?
In this article: ARGT
FX Daily: Government Shutdown Averted
Article By:
ING Economics
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Thursday, November 16, 2023 3:39 AM EDT
The dollar continues to claw back some of Tuesday's losses after US October retail sales suggested that the consumer is still spending. Helping has been the Senate's support of a stop-gap funding bill that kicks the risk of a shutdown into 2024.
Deciphering Global Economic Trends: A Comprehensive Analysis
Article By:
Chris Svorcik
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Monday, November 13, 2023 9:00 AM EDT
In an ever-changing financial world, understanding the intricacies of global economic trends is vital. This analysis delves into the current state of the global economy, offering insights to help you stay ahead in today’s dynamic market.
US Treasury Yields Come Back Softer After Moody's Cut Outlook, And The Dollar Rises To New Highs Against The Yen
Article By:
Marc Chandler
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Monday, November 13, 2023 8:32 AM EDT
Sterling seems largely unaffected by the cabinet reshuffle that has seen former Prime Minister Camron return as the foreign minister, replacing Cleverly who replaces Home Secretary Braverman.
Slightly Larger US Soybean And Corn Crops Prompts Small Stocks Changes
Article By:
Jerry Gidel
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Monday, November 13, 2023 4:26 AM EDT
The USDA’s latest crop update follows a recent trend with both corn and soybeans US yields increasing during this month’s crop update after lower Sept & Oct updates. The higher yields upped November’s US corn & soybean output by 170 & 25 million bu.
Key Events In Developed Markets And EMEA For The Week Of November 13
Article By:
ING Economics
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Saturday, November 11, 2023 9:31 PM EDT
Over in Poland, we expect third-quarter GDP growth to come in positive, while in Hungary we should see the country's technical recession coming to an end
Week Ahead: Will Softer US Price Pressures And Weakness In Retail Sales Weigh On The US Dollar And Rates?
Article By:
Marc Chandler
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Saturday, November 11, 2023 1:20 PM EDT
While the greenback's technical tone has improved, we expect next week's high-frequency US data to show that price pressures are easing again after stalling in Q3, and more importantly, consumer demand, which fueled the heady growth, to have cooled.
Who Changed: Powell Or The Market?
Article By:
Marc Chandler
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Friday, November 10, 2023 6:28 AM EDT
A poor reception to the 30-year Treasury sale and Federal Reserve Powell pledged to raise rates again, if necessary, not exactly a new ground, but it spooked the doves--driving rates sharply higher and fueling a strong dollar recovery.
The Dollar Remains Mostly Softer But Near-Term Consolidation Is Likely
Article By:
Marc Chandler
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Monday, November 6, 2023 6:41 AM EDT
The US dollar, which was sold last week after the FOMC and soft employment report, remains on the defensive today. The dollar is also lower against most emerging market currencies.
Currency Speculators Push Australian Dollar Bets Higher As RBA Possibly To Raise Rate
Article By:
Zachary Storella
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Sunday, November 5, 2023 5:19 PM EDT
The COT currency market speculator bets were lower this week as five out of the eleven currency markets we cover had higher positioning while the other six markets had lower speculator contracts.