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	<title>Currency Thoughts</title>
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	<item>
		<title>Strengthening Case for Tighter Monetary Policies</title>
		<link>https://currencythoughts.com/2026/06/02/strengthening-case-for-tighter-monetary-policies/</link>
					<comments>https://currencythoughts.com/2026/06/02/strengthening-case-for-tighter-monetary-policies/#respond</comments>
		
		<dc:creator><![CDATA[larrygreenberg]]></dc:creator>
		<pubDate>Tue, 02 Jun 2026 15:51:23 +0000</pubDate>
				<category><![CDATA[New Overnight Developments Abroad - Daily Update]]></category>
		<category><![CDATA[Beth Hammack]]></category>
		<category><![CDATA[Euroland CPI]]></category>
		<category><![CDATA[National Bank of Poland]]></category>
		<guid isPermaLink="false">https://currencythoughts.com/?p=30639</guid>

					<description><![CDATA[This has been another day without the cause of peace being enhanced. Traffic through the Strait of Hormuz remains mostly non-existent. Russia has escalated military bombardments of Ukraine. It remains unclear whether Israel will heed calls for it to deescalate its war in Lebanon. There has been a direct link between the geopolitical strife in [&#8230;]]]></description>
		
					<wfw:commentRss>https://currencythoughts.com/2026/06/02/strengthening-case-for-tighter-monetary-policies/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>June Brings a Different Tune in Expectations about When Hormuz Will Reopen</title>
		<link>https://currencythoughts.com/2026/06/01/june-brings-a-different-tune-in-expectations-about-when-hormuz-will-reopen/</link>
					<comments>https://currencythoughts.com/2026/06/01/june-brings-a-different-tune-in-expectations-about-when-hormuz-will-reopen/#respond</comments>
		
		<dc:creator><![CDATA[larrygreenberg]]></dc:creator>
		<pubDate>Mon, 01 Jun 2026 15:40:57 +0000</pubDate>
				<category><![CDATA[New Overnight Developments Abroad - Daily Update]]></category>
		<category><![CDATA[manufacturing PMI results in May 2026]]></category>
		<guid isPermaLink="false">https://currencythoughts.com/?p=30635</guid>

					<description><![CDATA[(137) Given last week&#8217;s optimistic mood regarding negotiations for a lasting ceasefire and reopening  of the Strait of Hormuz, todays dour mood has seemingly descended on the financial community without warning. On closer inspection, the shifting prospects for a &#8220;deal&#8221; was predictable and inevitably timed. Overly optimistic forecasts especially from the U.S. side have happened [&#8230;]]]></description>
		
					<wfw:commentRss>https://currencythoughts.com/2026/06/01/june-brings-a-different-tune-in-expectations-about-when-hormuz-will-reopen/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>May 2026 in Figures</title>
		<link>https://currencythoughts.com/2026/05/29/may-2026-in-figures/</link>
					<comments>https://currencythoughts.com/2026/05/29/may-2026-in-figures/#respond</comments>
		
		<dc:creator><![CDATA[larrygreenberg]]></dc:creator>
		<pubDate>Fri, 29 May 2026 21:08:49 +0000</pubDate>
				<category><![CDATA[Deeper Analysis]]></category>
		<guid isPermaLink="false">https://currencythoughts.com/?p=30632</guid>

					<description><![CDATA[For many weeks now, Trump administration officials have been saying that a peace deal may be just around the corner, but the conditions for such have so far proven elusive. That hasn&#8217;t mattered. Repeat something long enough and people will come to believe it, and so financial markets in the third month of the Middle [&#8230;]]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Waiting for the War to End</title>
		<link>https://currencythoughts.com/2026/05/29/waiting-for-the-war-to-end/</link>
					<comments>https://currencythoughts.com/2026/05/29/waiting-for-the-war-to-end/#respond</comments>
		
		<dc:creator><![CDATA[larrygreenberg]]></dc:creator>
		<pubDate>Fri, 29 May 2026 15:48:27 +0000</pubDate>
				<category><![CDATA[New Overnight Developments Abroad - Daily Update]]></category>
		<category><![CDATA[Canadian and Taiwanese GDP]]></category>
		<category><![CDATA[French and Italian GDP]]></category>
		<category><![CDATA[U.S. merchandise trade deficit]]></category>
		<guid isPermaLink="false">https://currencythoughts.com/?p=30628</guid>

					<description><![CDATA[The verbal message that a peace deal in the Middle East, which began very soon after the conflict&#8217;s outbreak, may be getting stale but nonetheless continues to temper the reaction of financial markets. The Strait of Hormuz remains largely shut. Fighting in Lebanon continues. The U.S. has still not signed off on the reported deal [&#8230;]]]></description>
		
					<wfw:commentRss>https://currencythoughts.com/2026/05/29/waiting-for-the-war-to-end/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Mixed Middle Eastern News But Investors Seeing the Cup Half Full</title>
		<link>https://currencythoughts.com/2026/05/28/mixed-middle-eastern-news-but-investors-seeing-the-cup-half-full/</link>
					<comments>https://currencythoughts.com/2026/05/28/mixed-middle-eastern-news-but-investors-seeing-the-cup-half-full/#respond</comments>
		
		<dc:creator><![CDATA[larrygreenberg]]></dc:creator>
		<pubDate>Thu, 28 May 2026 16:12:18 +0000</pubDate>
				<category><![CDATA[New Overnight Developments Abroad - Daily Update]]></category>
		<category><![CDATA[Bank of Korea]]></category>
		<category><![CDATA[ECB minutes]]></category>
		<category><![CDATA[Euroland economic sentiment]]></category>
		<category><![CDATA[South African Reserve Bank]]></category>
		<category><![CDATA[U.S. 1Q revised GDP]]></category>
		<category><![CDATA[U.S. personal spending and PCE price deflator]]></category>
		<guid isPermaLink="false">https://currencythoughts.com/?p=30623</guid>

					<description><![CDATA[From a military standpoint, it doesn&#8217;t look like long-term peace in the Middle East is close at hand. The U.S. and Iran traded military strikes already this week, and the ceasefire between Israel and Lebanon is being repeatedly violated as well. Nonetheless, reports continue that Iranian and U.S. negotiators are close to a penciling a [&#8230;]]]></description>
		
					<wfw:commentRss>https://currencythoughts.com/2026/05/28/mixed-middle-eastern-news-but-investors-seeing-the-cup-half-full/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Big Overnight Drop in the Price of Oil</title>
		<link>https://currencythoughts.com/2026/05/27/big-overnight-drop-in-the-price-of-oil/</link>
					<comments>https://currencythoughts.com/2026/05/27/big-overnight-drop-in-the-price-of-oil/#respond</comments>
		
		<dc:creator><![CDATA[larrygreenberg]]></dc:creator>
		<pubDate>Wed, 27 May 2026 14:17:18 +0000</pubDate>
				<category><![CDATA[New Overnight Developments Abroad - Daily Update]]></category>
		<category><![CDATA[Australia CPI]]></category>
		<category><![CDATA[BOJ Governor Ueda]]></category>
		<category><![CDATA[French consumer confidence]]></category>
		<category><![CDATA[Reserve Bank of New Zealand]]></category>
		<guid isPermaLink="false">https://currencythoughts.com/?p=30617</guid>

					<description><![CDATA[The news regarding U.S.-Iranian negotiations remains confusingly mixed, but the market&#8217;s attention has honed in on an optimistic comment on Iranian state news predicting a return to pre-war shipping traffic through the Strait of Hormuz within a month. In response, the price of WTI crude dived as low as $87.77 (a 40-day trough) and is [&#8230;]]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>U.S. Dollar and Equities Outperforming Other Financial Markets</title>
		<link>https://currencythoughts.com/2026/05/26/u-s-dollar-and-equities-outperforming-other-financial-markets/</link>
					<comments>https://currencythoughts.com/2026/05/26/u-s-dollar-and-equities-outperforming-other-financial-markets/#respond</comments>
		
		<dc:creator><![CDATA[larrygreenberg]]></dc:creator>
		<pubDate>Tue, 26 May 2026 15:19:51 +0000</pubDate>
				<category><![CDATA[New Overnight Developments Abroad - Daily Update]]></category>
		<category><![CDATA[National Bank of Hungary]]></category>
		<category><![CDATA[National Bank of Kyrgyzstan]]></category>
		<category><![CDATA[Singapore GDP and current account]]></category>
		<category><![CDATA[U.S. consumer confidence and house price inflation]]></category>
		<guid isPermaLink="false">https://currencythoughts.com/?p=30612</guid>

					<description><![CDATA[In overnight trading following the extended U.S. Memorial Day holiday weekend, the dollar strengthened 0.8% against the Indonesian rupiah, 0.5% vis-a-vis the kiwi, 0.3% relative to sterling, the Mexican peso and Swiss franc, and 0.2% versus the yen and euro. Advances so far in the Russell 2000, Nasdaq and S&#38;P 500 amount to 1.7%, 1.3% [&#8230;]]]></description>
		
					<wfw:commentRss>https://currencythoughts.com/2026/05/26/u-s-dollar-and-equities-outperforming-other-financial-markets/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Bank of Israel Policy Rate Cut to 3.75%</title>
		<link>https://currencythoughts.com/2026/05/25/bank-of-israel-policy-rate-cut-to-3-75/</link>
					<comments>https://currencythoughts.com/2026/05/25/bank-of-israel-policy-rate-cut-to-3-75/#respond</comments>
		
		<dc:creator><![CDATA[larrygreenberg]]></dc:creator>
		<pubDate>Mon, 25 May 2026 15:13:58 +0000</pubDate>
				<category><![CDATA[Central Bank Watch]]></category>
		<category><![CDATA[Bank of Israel]]></category>
		<guid isPermaLink="false">https://currencythoughts.com/?p=30610</guid>

					<description><![CDATA[The policy interest rate of the Bank of Israel as expected has been lowered by 25 basis points today. This was the fourth such cut since the start of 2024 but only the first since this past January. At 3.75%, the new interest rate level is its lowest since September 2o23. The central bank&#8217;s statement [&#8230;]]]></description>
		
					<wfw:commentRss>https://currencythoughts.com/2026/05/25/bank-of-israel-policy-rate-cut-to-3-75/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Holiday Interruptions and Optimism about a Deal to Open the Strait of Hormuz</title>
		<link>https://currencythoughts.com/2026/05/25/holiday-interruptions-and-optimism-about-a-deal-to-open-the-strait-of-hormuz/</link>
					<comments>https://currencythoughts.com/2026/05/25/holiday-interruptions-and-optimism-about-a-deal-to-open-the-strait-of-hormuz/#respond</comments>
		
		<dc:creator><![CDATA[larrygreenberg]]></dc:creator>
		<pubDate>Mon, 25 May 2026 14:46:55 +0000</pubDate>
				<category><![CDATA[New Overnight Developments Abroad - Daily Update]]></category>
		<category><![CDATA[Bank of Israel]]></category>
		<guid isPermaLink="false">https://currencythoughts.com/?p=30605</guid>

					<description><![CDATA[(138) U.S. and British financial markets will be closed for Memorial Day and the late spring bank holiday, respectively. While many other European countries will be observing Whit Monday, the major stock markets are open. President Trump keeps dangling the prospect of a coming deal with Iran to end the war, reopen the Strait of [&#8230;]]]></description>
		
					<wfw:commentRss>https://currencythoughts.com/2026/05/25/holiday-interruptions-and-optimism-about-a-deal-to-open-the-strait-of-hormuz/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Balancing Strong Corporate Earnings Against Continuing Frustration Over Failure to Reopen the Strait of Hormuz</title>
		<link>https://currencythoughts.com/2026/05/22/balancing-strong-corporate-earnings-against-continuing-frustration-over-failure-to-reopen-the-strait-of-hormuz/</link>
					<comments>https://currencythoughts.com/2026/05/22/balancing-strong-corporate-earnings-against-continuing-frustration-over-failure-to-reopen-the-strait-of-hormuz/#respond</comments>
		
		<dc:creator><![CDATA[larrygreenberg]]></dc:creator>
		<pubDate>Fri, 22 May 2026 15:49:17 +0000</pubDate>
				<category><![CDATA[New Overnight Developments Abroad - Daily Update]]></category>
		<category><![CDATA[French business confidence]]></category>
		<category><![CDATA[German business climate]]></category>
		<category><![CDATA[Japanese CPI]]></category>
		<category><![CDATA[U.S. consumer confidence]]></category>
		<guid isPermaLink="false">https://currencythoughts.com/?p=30601</guid>

					<description><![CDATA[This week at least the lack of cheery news on the U.S./Iranian negotiating front was outweighed by proof of continuing heavy investment in AI and overall strong profitability in the tech industries. U.S. equities rose further today. Japan&#8217;s Nikkei leaped by 2.7% and was nearly matched by a rebound in Taiwanese equities. Stock markets rose [&#8230;]]]></description>
		
					<wfw:commentRss>https://currencythoughts.com/2026/05/22/balancing-strong-corporate-earnings-against-continuing-frustration-over-failure-to-reopen-the-strait-of-hormuz/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
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