currencies

by Comstock Partners On Tuesday the market soared on the grounds that global efforts to engage in another round of monetary ease and devalue currencies would boost economies around the world. We think that the market's initial reaction is…

(video embedded below)     See Stiglitz's written remarks here: Source: Joseph Stiglitz - The Federal Reserve’s Relevance Test - Project Syndicate

As a result of the Federal Reserve's next round of quantitative easing, Goldman Sachs is predicting a sharp slump in the US dollar's value against other major currencies. In particular, the dollar is expected to weaken to $1.79 against the…

Highlights The US dollar remains under relentless pressure.  Even though the ADP has tended to under under-estimate private sector job growth, the unexpected weakness reported yesterday is the latest catalyst for expectations of…

The global economy, now supported in the main only by the overextended U.S. consumer, finds itself at stall speed, susceptible to any number of potential exogenous shocks. Ultimately, the economic malaise created by this confluence of…

Topic of the Day: Currency War EU should not press China on yuan: Chinese PM | Reuters The international currency war: what the experts say | Business | guardian.co.uk Q&A: International currency wars | Business |…

Mexico is taking advantage of the investment climate and the near insatiable demand for emerging market credits.  The peso may also benefit from actions by other countries, from Brazil to South Korea taking actions to deter hot money…

Because of US and European pressure Beijing may allow much faster appreciation of the renminbi than it likes over the next year, but this will almost certainly be accompanied with policies that reduce the adverse employment impact. In my…

Highlights The US dollar is mostly softer in quiet trading.   Yesterday’s momentum has largely faded, but the beleaguered greenback still cannot sustain even modest upticks.  In recent days, a number of Fed officials that…

by David Galland, Managing Director, Casey Research It's important to recognize what's actually going on with the price of gold, which has broken into new record territory again today – to $1,331 as I write. It is not that there has been a…