Gas Now, Brake Later

A post by Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman. The G20 finance ministers and central bankers are meeting in South Korea to prepare for the summit in Toronto in a few weeks time.  There seem to be…

Jobs Data Disappoint

The US employment data was disappointing.  The key measure of private sector job creation was only 41k compared with expectations for 180k and a 3 month moving average of 155.6k.  The fact that the unemployment rate ticked down is…

Hungary Plunges

A combination of ill-thought out comments by the new Hungarian government coupled with a surge in the Swiss franc is seeing the forint drop like a rock and is seeing CDS on Hungary explode. Many Hungarian mortgages are denominated in…

French Prime Minister Embraces Parity

News wires report French Prime Minister Fillon claim that he only sees good news in the euro moving to parity to the US dollar only adds fuel to the current fire.  This seems like malign neglect in contrast to the benign neglect the US…

Jobs Data in Focus

Highlights The US dollar trading higher just as the North American session is about to start.  However, position squaring in Asia and Europe had pushed short-term technical indicators into an over-extended condition and near-midday in…

Euro Reprieve To Be Brief

Highlights The US dollar is modestly lower against the major and emerging market currencies.  The key driver is really the absence of bad news and some position adjusting in the wake of stronger commodity and equity…

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