currencies

The SNB's apparent absence had emboldened the market, which has driven the euro to record lows against the Swiss franc.  The SNB had been clear.  It was still closely monitoring the Swiss franc even though it acknowledged that at…

Highlights The US dollar is little changed against the major foreign currencies despite robust purchasing manager index reading throughout Europe and Asia.  The lack of much of a market reaction could reflect one of two factors. …

Highlights The US dollar remains largely on the defensive despite the recovery in North America yesterday.  The euro slipped to almost $1.3380 in Asia, but has recovered smartly in Europe, but It is sterling that is the stand out…

Highlights The US dollar has continued the decline that began before the weekend on news of the EU/IMF deal over Greece.  However, after testing resistance near $1.3550 in Asia, the euro surrendered its latest gain as the market is…

Highlights The US dollar is beginning the new week as it finished last week, with a heavy tone.  Position adjusting in the wake of the European/IMF deal and ahead of month end is the main driver.   Also prompting some…

When we look back five years from now, will we see this week as marking a turning point in the short, but far from uneventful, ten year history of Europe’s common currency? Certainly recent comments by the deputy governor of the People's…

Highlights The US dollar is broadly lower, though mostly within yesterday’s trading ranges, as the market adjusts positions in light of the European agreement on support for Greece.  This is the main market development.  However,…

Sorry for the lateness. I was out of pocket all day. More are coming early tomorrow morning. Cheers. Edward LA Times Sees an Oncoming Option ARM Wave : CJR FT Alphaville » Devaluing the yuan Social Security Payout to Exceed Revenue…

Marc Chandler is the global head of Brown Brother Harriman’s top ranked Currency Strategy Team. For more of BBH’s currency views, please visit the BBH FX website here. Highlights The US dollar is consolidating yesterday’s outsized…

If you’re really good at making a pigs ear of things, why not join the EU? Of course, this is not meant as a piece of solid advice, rather it is a cry of frustration at being impotently forced to watch so many things done so badly, each in…