currencies

From the BBH Currency Strategy Team. Highlights The US dollar is mostly softer vs. the majors as earlier risk aversion during the Asian session has been reversed during early European trading.  Overall FX trading has been in very…

As the IMF say in their most recent staff report, the present economic crisis raises the question of whether potential output growth in Bulgaria in the years to come is going to be markedly lower than it was during the boom years. As the…

Highlights The US dollar is firmer across the board vs. the majors as risk aversion carries over today.  Euro is coming under pressure and making new lows vs. the dollar after peaking on August 6 and has now broken the minimal…

By Annaly Capital Management Back in June we wondered out loud, “What is a dollar?” That exercise—as well as the recent schizophrenic behavior of the currency market and the lamentations regarding the Fed’s “printing press”—has led us to…

It has been a while since I have had a round of these and in the current macro/market environment I thought it an excellent occasion to take some pot-shots at the market discourse. So, read on if you want to see what it looks like when I am…

Wheat is trading higher today, positioning to snap a 4-day profit-taking decline. The US Dept of Agriculture provided updated its forecasts for grain production. It now forecasts a global harvest for year than began June 1 at 645.7 mln…

The dollar-yuan was fixed today at CNY6.8015 today. It closed yesterday near CNY6.7750 and was fixed yesterday at CNY6.7768. The greenback's broad rally yesterday contributed to the sharply higher fix today. Subsequently, the dollar eased…

From the BBH Currency Strategy Team. Highlights The US dollar is mostly firmer today after yesterday’s surge.  After  yesterday’s gains were briefly and marginally extended in early Asian trading, a consolidative/corrective…

Fears that the global recovery is faltering is unlikely to prevent Chile's central bank from hiking rates tomorrow.  It had hiked rates last month and the data since has been strong and economists have generally revised higher growth…

Highlights The US dollar has fully recouped and more so the losses inflicted in the immediate aftermath of the FOMC’s decision to recycle the MBS and Agency bond holding proceeds backing into Treasuries.  Its somewhat more gloomy…