Browsing Tag

currencies

Yen Bulls Spooked

By Marc Chandler The dollar initially fell against the yen in the immediate knee-jerk reaction to S&P two-notch cut of Spain's sovereign rating.  It dipped briefly below JPY78.  However, it has rebounded smartly and is holding above…

Maastricht and All That

The following is an excerpt of an article written exactly twenty years ago on 8 October 1992 by the late Wynne Godley, a British economist, who predicted disaster for Europe’s planned single currency. This is the single most cogent and…

Iran now in economic turmoil

By Win Thin Recent developments in Iran are worth discussing.  We feel that with Middle Eastern political risk on the rise lately, Iran is more likely to have the largest impact on global markets, while escalating tensions between Syria…

Ten Macro Observations to End The Week

By Marc Chandler The US dollar is going into month and quarter end on a soft note.  The greenback had been generally firm against most of the major foreign currencies, but the Japanese yen, since around mid-month, but the news stream…

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