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Markets

FX Market Looking for Direction

Highlights The US dollar is narrowly mixed to start the new week.  It is hanged against most of the major currencies as the market waits for fresh trading incentives.  The euro was turned back on the initial test of the $1.24…

China, the Yuan and Euro

The euro has declined about 0.75% this week.  This seems fairly resilient, given that news stream that included the downgrade of a large French and Dutch bank, record premiums by Greece and Portugal and disappointing euro zone…

Dollar Firms, Risk Aversion Dominates

Highlights The US dollar is little is generally firmer in a risk averse environment ahead of the weekend.   The notable exception is the Swiss franc, which is benefiting from tensions in the euro zone and the recent downgrade of…

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