currencies

Bloomberg notes: South Korea may revive a 14 percent tax on domestic Treasury and central bank bonds held by foreigners as early as January to curb foreign-exchange volatility, a ruling party lawmaker said. “If we don’t do it right now…

Highlights The US dollar was just about evenly split across the board versus the G10 with large gains versus yen, but largely down versus sterling and CAD.  Meanwhile, the EUR whipsawed between $1.37 and $1.38, and as London came in…

by Win Thin China took more efforts aimed at “further curbing inflows” with measures designed to “maintain China’s economic and financial security.”  The measures appear to be relatively mild, but like Brazil, China may end up…

The reason: QE. The downgrade for the U.S. is to A+ from AA, with a negative outlook because of quantitative easing, according to Xinhua. According to the ratings agency, quantitative easing will further depreciate the U.S. dollar and…

Highlights The US dollar was largely up in Asian session as concerns about debt in the European periphery continued to weigh on markets but sharply reversed course. EUR/USD dropped from $1.3920 to $1.3823 where it subsequently climbed…

from earlier in the day by Win Thin Brazil press is reporting that President-elect Rousseff may replace central bank chief Meirelles after she takes office January so that she can exercise greater control over monetary policy.  We…

The outcome of the US midterm elections and Federal Reserve Open Market Committee meeting, coupled with the various economic reports, strengthens our base case scenario in which we expect the US dollar to generally trade higher as the 2010…

Highlights The US dollar strength before and after the payrolls report Friday continued through Monday, apart from a blip in early trading. The euro initially made gains, with EUR/USD up above $1.4080, as local elections in Greece gave…

The heads of state of the world's twenty largest economies are set to meet in Seoul, South Korea to discuss the global economy. The so-called currency war will be of particular interest during this session because of an escalation in…

James Galbraith was on Yahoo! Tech Ticker talking about Fed policy. The quote he made that caught my eye was this one in response to whether the Fed Chairman Bernanke believes what he says and writes: "Well, one thing you can…