currencies

For the fifth day, the euro is recording higher highs and higher lows. It has advanced by roughly 3.25% since last Monday's lows.  While we recognize an improved news stream, the main circumstances of the European debt crisis have not…

By Marc Chandler of Brown Brothers Harriman Highlights The US dollar is extending last week’s pullback in what appears to be largely position adjustments, partly as a function of a better news stream and a healthier appetite for…

Marc Chandler is the Global Head of Currency Strategy at Brown Brothers Harriman. The Russian despot Vladimir Lenin was a big fan of Frederick Taylor.   Taylor's time and motion studies revolutionized the work process by boosting…

Hell, it seems, knows no fury like the financial markets being told you are about to become the next Greece. The poor Vice President of the election-winning Fidesz party, Lajos Kosa, had no idea what was in store for him when he calmly…

The unexpectedly large drop in US May retail sales has perversely boost the dollar in early North American trading as risk is taken back off. The 1.2% drop is the largest fall since late Q3 09. The slight upward revision tot he April…

Highlights The US dollar is mixed in choppy trading as yesterday’s sharp moves are consolidated.  The shallowness of the euro’s pullback suggests continued position squaring may be taking place.  Some short-term momentum players…

I was recently contacted by Adam Kritzer who is a lead editor on Forexblog which is arguably the best one stop resource for people interested in FX (trading) and the importance of foreign exchange in general. He asked me whether I would…

News is that the German Constitutional Court has rejected efforts to block Germany from participating in the guarantees that are a critical part of the Stabilization Mechanism.   While many expected such a ruling, there was a…

Highlights The US dollar is softer across the board and is indeed at new lows for the week against most of the major currencies ahead of a relatively constructive string of economic data and rate hikes from New Zealand and Brazil, a…

Highlights US dollar was mostly softer vs. the majors, with EUR/USD trading above 1.20 briefly before falling back late in the day on US equity weakness.  Bounces remain hard to sustain, so once this period of consolidation ends, we…