currencies

Here’s how I see things playing out: Congress looks at this report and concurs that the key to ending slower global growth is to correct global imbalances via a Chinese currency revaluation. Fair enough. However, individual…

In reading Scott Sumner’s take on the China currency peg dilemma, I see that both he and Paul Krugman hit on the fundamental problem in the debate: reserves. Everyone is talking about the peg as if relaxing the peg will be the magic bullet…

Highlights The US dollar is firmer against most major currencies. The euro, together with the Swiss franc and Swedish krona are the worst performers.  The euro failed to make a clear break above $1.38 yesterday and news reports…

FT.com – Asia's inflation genie leaps out of the bottle House prices to fall further as loan arrears rise – Independent.ie TheMoneyIllusion » It’s China’s world, we just live in it (Krugman, round two) More Americans live with…

Highlights The US dollar is softer against most major currencies.  The still expansionary FOMC statement, the BoJ’s extension of Q/E overnight and the conclusion of the EU finance ministers’ meeting yesterday may have helped ease…

With US midterm elections up ahead, we are already seeing political posturing by US politicians regarding China’s currency.  Democratic lawmakers are reportedly drawing up legislation that sets criteria on whether a country has a…

It’s curious how one and the same message is emanating from both Beijing and Berlin at the moment: “don’t blame us, it’s not our fault”. And it isn’t. According to the Financial Times, the Chinese Authorities spent their morning pushing…

Highlights The US dollar is firmer against most currencies. The euro failed to extend Friday’s break up out of the $1.3436-$1.3788 range in which it has been trading since Mar 17th while against the Swiss franc, the euro is trading at its…

The February US retail sales data was much stronger than expected, even when taking into account the downward revisions in January.  A picture of a broadening of the recovery is emerging.   Looking at the Jan-Fed period…

Highlights The US dollar is lower against most currencies with the European currencies leading.  Talk of an EU rescue package for Greece on the order of 55 bln euros has contributed to the moves helping to trigger stops.  The…