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Euro Surges Against US Dollar Despite Negative Rates
By mid-August the euro (EUR) rose to its highest level against the US dollar (USD) since May 2018 (Figure 1). There are several possible reasons for EUR’s strength: 1. Europe continues to enact fiscal stimulus measures. 2. Uncertainty over outcomes of the US elections in November. 3. Negative rates, paradoxically. 4. The course of the pandemic is diverging between the continents. chart During the initial phase of the pandemic response, Europe and the US followed a similar course when it came to fiscal policy -- government spending soared and tax receipts dwindled, deepening budget deficits to levels not seen ... (full story)
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From zerohedge.com|Aug 27, 2020After two monster auctions earlier this week, when demand for both the 2 and 5 Year auctions was off the chart, moments ago the Treasury sold another record-sized auction when it ...
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From @DeItaOne|Aug 27, 2020|1 commenttweet at 1:13pm: FED'S KAPLAN SAYS MODERATE OVERSHOOT ON INFLATION PROBABLY MEANS 2.25% OR 2.5% tweet at 1:14pm: Dallas Fed's Kaplan/CNBC: Now realize full employment can be much lower unemp rate and may be able "to run hotter" to include underrepresented groups in a stronger labor force. #Kaplan #jobs #federalreserve @anthonymace tweet at 1:14pm: On CNBC, Dallas Fed Kaplan says new inflation approach not formulaic or commitment, is an "articulation" of existing policy actions, and would only accept overshoot of 2.25% to 2.5%. tweet at 1:15pm: Dallas Fed's Kaplan/CNBC: Wise not to assume "the future is going to look like the (low inflation) past." #Kaplan #inflation #federalreserve @anthonymace tweet at 1:20pm: KAPLAN: MARKETS NEED TO UNDERSTAND FED EMERGENCY EFFORTS WILL END
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From schwab.com|Aug 27, 2020|2 commentsAs expected, Federal Reserve Chair Jerome Powell announced a shift in policy that stems from a year-long review that the Fed has done. In a speech entitled “Navigating the Decade ...
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From bkassetmanagement.com|Aug 27, 2020|1 commentThe Federal Reserve has a new inflation strategy. Instead of focusing on curbing price pressures, they will now allow inflation and employment to overshoot their targets in order ...
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- Posted: Aug 27, 2020 2:38pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,143
