The Greek Drama Continues

The US dollar, yen and Swiss franc are trading firmer as the impasse on the new Greek aid package unnerved traders ahead of the next IMF tranche due later on in the month

Limits of Monetary Policy

In this column, Marc Chandler argues that US monetary policy can be a powerful tool, but it has limitations. Some commodity prices have risen and some have fallen since the Federal Reserve signaled QEII. The anticipation of QEII did weigh…

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