Spain in the Cross Hairs

There have been several press reports in recent days, all vehemently denied, that a multilateral effort is underway to put together a special aid package for Spain.  Often times, one hears "where there is smoke, there is…

Euro Up but Spain Under Pressure

For the fifth day, the euro is recording higher highs and higher lows. It has advanced by roughly 3.25% since last Monday's lows.  While we recognize an improved news stream, the main circumstances of the European debt crisis have not…

Dollar Continues to Pullback

By Marc Chandler of Brown Brothers Harriman Highlights The US dollar is extending last week’s pullback in what appears to be largely position adjustments, partly as a function of a better news stream and a healthier appetite for…

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