currencies

From the IMF to the G20, from bloggers to Nobel prize winning economists, there have been calls for the major developed countries to reduce deficits and stabilize debt to GDP ratios.  The idea is that if this is done properly it need…

Highlights The US dollar is mostly lower.   The euro is the strongest of the majors, gaining across the board.  The week’s high was set on Monday just below $1.24 and unless this is taken out, it simply seems like range…

While most people are tuned in to the failure of the ruling coalition in Germany to get their man Christian Wulff elected president, there are other more important numbers out today. Unemployment in Germany fell to 7.5% in the last month.…

From BBH's Win Thin The IMF just released its quarterly report on currency shares of global reserves.  In Q1 10, the dollar’s share fell slightly to 61.5% from 62.2% in Q4, while the euro’s share fell to 27.2% from 27.3% in Q4 and…

Highlights The US dollar is generally softer, consolidating yesterday’s moves.  In fact, the three best performers yesterday and for the month of June, namely the Swiss franc, British pound and Japanese yen, are the laggards…

The IMF provides the most authoritative data on the currency composition of reserves.  It is reported at the end of the quarter for the proceeding quarter.  Tomorrow it is expected to report reserve holdings as of the end of Q1…

Highlights The US dollar is broadly higher, alongside the Japanese yen, amid heightened anxiety over the possible stalling of the global economic recovery and the fragility of the banking system.  The euro has borne the brunt of…

The G20 meeting did not provide much in the way of fresh trading incentives.  However, there were a couple of developments that were noteworthy. The most important of these is the balance struck between growth and fiscal…

Highlights The US dollar is narrowly mixed to start the new week.  It is hanged against most of the major currencies as the market waits for fresh trading incentives.  The euro was turned back on the initial test of the $1.24…

As the details of the agreement struck by the key House and Senate conference on financial reform has been embraced favorably by the US equity market, that is being led by the financials, and the foreign currencies.    In the…