currencies

It has been all about euro weakness of late, with the market selling heavily and sometimes overreacting to any kind of bearish development (see last Friday’s exaggerated price action following a diplomatic gaffe by Hungary’s politicians).…

A news wire is reporting that Russia remains committed to diversifying its reserves and has not changed its view of the euro.  This is consistent with what several other central banks, including China, Japan and South Korea have…

Investors are still trying to get their heads around the SNB's preliminary indication that is reserves rose to CHF232 bln in May from CHF153 bln in April.  This represents more than a 50% increase in reserves in a single…

Highlights The US dollar eased in Asia as a modicum of an appetite for risk returned, but the greenback rebounded in the European session.   The euro returned to the $1.19 area after being unable to rise above the $1.20…

In a note to investors today, Win Thin of Brown Brothers Harriman noted that contagion has spread to core Europe with France now paying more for debt. France is coming under scrutiny, with one astute market contact noting that France…

By Marc Chandler of Brown Brothers Harriman Highlights The US dollar has seen its initial gains scored in Asia pared, but the risk is that North American players resume the buying of the greenback.  The euro initially fell to about…

By Marc Chandler of Brown Brothers Harriman. Highlights US dollar was mostly firmer vs. majors, with EUR/USD making new multi-year lows after breaking 1.20.  More jitters about Hungary didn’t help the euro.  Yen was stronger…

By David Galland, Managing Director, Casey Research Digging through the entrails of the fundamentals associated with the global economy and markets, it increasingly strikes me that there is really only one investment I’d now consider a…

A combination of ill-thought out comments by the new Hungarian government coupled with a surge in the Swiss franc is seeing the forint drop like a rock and is seeing CDS on Hungary explode. Many Hungarian mortgages are denominated in…

News wires report French Prime Minister Fillon claim that he only sees good news in the euro moving to parity to the US dollar only adds fuel to the current fire.  This seems like malign neglect in contrast to the benign neglect the US…