Chinese Data Provide Boost to Risk Rally

Highlights The US dollar is broadly lower to start the new week as the markets respond positively to the somewhat stronger than expected Chinese data reported over the weekend and the Basel III proposals which allow an eight year…

The Yen Conundrum

Seventy years ago next month, Winston Churchill described Soviet foreign policy as a “riddle wrapped in a mystery inside an enigma”. That now may be apropos of the Japanese yen. Japan is a country that appears to be literally in decline.…

Norway Buying European Peripheral Bonds

Norway's government pension funds is the second largest sovereign wealth funds in the world with around $450 bln under management. Abu Dhabi is thought to have the largest sovereign wealth fund. The finance minister indicated that it has…

Pre-Market Update: 2010-09-09

Highlights The US dollar is mixed today as it consolidates against the euro and Swiss franc, remains heavy against the yen and is performing best against sterling, especially following the unexpected marked deterioration of the trade…

The Dollars State of Play

At the start of the summer, the two legs that had supported the dollar had given way. The European financial crisis eased and the U.S. economic momentum flagged. The summer months saw these developments extend. European countries on the…

European Woes Weigh on Markets

Highlights The US dollar is broadly higher against most major and emerging market currencies today, with the yen and Swiss franc being the notable exceptions. With last week’s US employment data taking the immediate focus off the US and…

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