currencies

by Michael Hudson, President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of…

If you’re reading this Salvo on the day it is posted, then you are likely holding your breath on a number of fronts: the outcome of the election tonight, the FOMC announcement tomorrow afternoon and the policy meetings of the Bank of…

There are two developments in China to note: The yuan appreciated in the spot market earlier today, after staging a relatively large decline yesterday.  At today's best dollar level, the yuan had weakened about 0.85% against the…

Highlights The US dollar is trading heavily though within the recent ranges against most of the major currencies ahead of the conclusion of the FOMC meeting which is widely expected to result in a new round of long-term asset…

by Win Thin Reserve Bank of India is expected to hiked rates by 25 bp at its regular meeting Tuesday.  Reverse repo rate is now 5.0% and the repo rate 6.0%.  This comes after RBI hiked rates 25 bp in September under the recent…

Highlights The US dollar starts a critical week on the defensive.  A new round of long-term asset purchases by the Federal Reserve coupled with a stronger than expected Chinese PMI weighed on the dollar and encouraged purchasing of…

Investors and policy makers alike are befuddled by the yen. Its strength continues to defy the traditional explanatory models that typically give a privileged position to risk appetite, interest rate differentials, or external positions.…

Highlights The US dollar has recouped a good part of yesterday’s losses as the choppy range trading that has characterized recent trading continues.  Despite a string of poor economic data, pointing to stronger deflation forces and…

Next week, which may be considered one of the most important weeks of the year, brings a host of important events and data releases that many investors have been waiting for. The week technically kicks off tomorrow when the US reports 3Q…

This was my latest media appearance from last Friday. I spoke to Howard Green about the G-20 summit in Seoul with David Weidner of Market Watch. You can see some of my pre-meeting comments here. While I thought US Treasury Secretary…