When It Rains It Pours, in Euroland
The euro was the big loser yesterday, even when most other majors were able to either eke out gains or at least hold their ground versus the buck. Today the buck is higher versus the entire pack.…
The euro was the big loser yesterday, even when most other majors were able to either eke out gains or at least hold their ground versus the buck. Today the buck is higher versus the entire pack.…
Last month, we did notice that US consumer credit rose unexpectedly. It didn't seem to get much press, as all eyes were focused on non-farm payroll.…
Have a look at this gem from Ambrose Evans-Pritchard: Is China's Politburo spoiling for a showdown with America? I won't comment on it since we've included much of these same ideas frequently in the pages of Currency Currents already; nevertheless he presents these ideas forcefully and succinctly.…
How many times have you heard this little piece of inanity uttered: "Markets hate uncertainty."? I heard it said on Friday as I was "passing through" one of the TV "financial" shows on my way to the Home and Garden Channel--the only place safe on the dial for me.…
The US will stop making a political issue out of it when China unleashes that puppy to run freely. How about that? So let's commend President Obama for calling out China's currency policy which could be dubbed "politically dictated", at least.…
Waiting on the trade balance for Canada, eh? Well, at 8:30 EST we'll get Canadian capacity utilization, import and export figures and the trade balance.…
Remember, macroeconomics is like working with Playdough. When you push on one spot, there is a similar or equal reaction in another...…
You probably read about it already; maybe you didn't ... Being proposed is a European Monetary Fund (EMF) -- similar to the International Monetary Fund -- that could step in and bail out Eurozone countries facing troubled fiscal situations.…
Now that global recovery is gaining momentum, according to the pundits, and risk appetite is back on the table, maybe the US dollar index is due for correction…
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