currencies

Highlights The risk off trade is back on and the US dollar and yen are bid while the euro is in a no win situation at this point. There are renewed concerns over the situation in Dubai (ahead of Dubai holdings’ next repayments) and China…

When bankruptcy comes, it does so normally as a result of a liquidity crisis. This is true for countries as much as it is for companies. It's not as if someone in charge walks in one day and says "you are insolvent so you must default…

Highlights A calmer market environment has returned and the US dollar is mixed. Talks of renewed problem in Dubai may help dollar bulls in the US session though. Attention has (for now anyway) moved away from the euro debt crisis onto the…

The news out of Spain that the government is taking drastic action to avoid debt revulsion is a clear indication that the Eurozone is entering a new phase of economic weakness. All across Europe from the UK to Greece to Spain to Germany,…

RBS' Chief Market Strategist Bob Janjuah is one of the more bearish prognosticators in global finance.  He takes a fairly anti-fiat currency position and couches what he sees with the present financial crisis as the era of the destruction…

Highlights The post EU/IMF bailout out euphoria continues to wind down and this means that the US dollar and the yen are in solid shape. The euro has eased back to pre-weekend levels, trading closer to the $1.2650 mark by late euro session…

Highlights The US dollar and the yen are back in black today, as the markets are expressing doubts that the weekend EU/IMF plan will be successful in preventing eventual debt restructuring for Greece and the other peripherals.  While…

Equity markets have responded well to the EU's new liquidity schemes.  But the single currency is tanking, after EUR shorts caused it to pop just after the announcement. What does this mean? Maybe the markets sense a large…

Highlights The US dollar and the yen are weaker across the board as the global market digest this weekend European Stabilisation Programme (see below). The scandies were the strongest performers in the G10 world (with the SEK and NOK up…

Highlights The US dollar is broadly mixed in still volatile market conditions.  The euro has been boosted by indications of a G7 conference call.  Sterling has been punished in the wake of the indecisive electoral outcome. …