The Dollar's Surge Continues

Marc Chandler profile picture
Marc Chandler
16.74K Followers
(11min)

Summary

  • The US dollar continues to surge, with G10 currencies down 0.45%-0.65%, driven by rising US rates and Fed policy expectations.
  • The euro and sterling are falling for the fifth consecutive session today.
  • Of the large markets, only South Korea, Singapore, and Australia were exceptions.

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Overview

The dollar's (DXY, USDOLLAR) surge continues. Most G10 currencies are off 0.45%-0.65%. The US dollar is trading above CAD1.40 for the first time since the pandemic, but the Canadian dollar is faring the best of the G10

This article was written by

Marc Chandler profile picture
16.74K Followers
Marc Chandler has been covering the global capital markets in one fashion or another for 25 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense

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