Brazil

Brazil is getting ready to play its first World Cup game and the real is trading firmly.  For the last three days, the dollar has been flirting with its 100-day moving average, just above BRL1.80.  Today's break below that …

Highlights The US dollar was mostly softer vs. the majors, but EUR/USD was sidelined for a day as the yen was the big mover on political uncertainty (see below).  We believe the euro bear trend remains intact, but that the pace of…

Highlights The US dollar was stronger vs. the majors, as the euro was unable to hang on to its recent gains above 1.24.  Euro selling accelerated after news of German regulator BaFin banning some short sales (see below).  Euro…

Brazil reported much better than expected Feb retail sales and this is encouraging expectations of a 75 bp rate hike later this month and allowing the real to extend its winning streak for the fifth consecutive session.  The real has…

Highlights The US dollar is firmer against most major currencies. The euro, together with the Swiss franc and Swedish krona are the worst performers.  The euro failed to make a clear break above $1.38 yesterday and news reports…

This is a post by Edward Hugh, who also blogs at Global Economy Matters. Global manufacturing activity continued to expand in February, albeit at a slightly weaker pace than in January. At 55.2, down slightly from 56.1 in January, the…

David Rosenberg took your questions on housing - The Globe and Mail What happens at absolute zero? - New Scientist Don't criticize your employees in front of consumers: It's bad for business - Science Daily Kühne Hoffnung:…