currencies

The German 2-year note has dropped below Japan's for the first time ever, with the German 2-year note yielding 0.109%, a record low. Japan's 2-year note yield is 0.111%. Meanwhile, the 10-year bund is at 1.638%, nearing the record low of…

As full liquidity returns to the markets for the first time in nearly a week, the US dollar and Japanese yen have rallied. First though weak short euros and long yen cross positions were squeezed in early Asia, but by the time Europe…

To try to work out what China's future economic options might be I will begin with two key assumptions. The first is that the fundamental imbalance in China is the very low GDP share of consumption. This low GDP share of consumption, I have…

The yen was the weakest of the major currencies in Q1, losing about 7.2% against the dollar. There was a clear shift in both speculative and portfolio flows. This is just one of seven observations about the Yen via Marc Chandler.

Whatever one thinks about Lord Wolfson’s euro-skeptical meddling, it certainly has been entertaining. The British baron’s offer of a £250,000 prize for the best ideas to deal with a possible breakup of the eurozone has brought all sorts of…

The US dollar remains broadly firmer as euro zone concerns pressure below the surface. Increased euro zone tensions encouraged the market to test the SNB’s resolve at capping the franc against the euro.

Seven thoughts about the euro from Marc Chandler, global head of FX at Brown Brothers Harriman, using fundamental and technical analysis

The minutes from the March FOMC meeting have continued to drive the dollar higher, except against the yen, and bonds and stocks lower. Especially in the context of Bernanke's recent remarks, the, should we say less than dovish, tone to the…

At around 9:00am London time this morning Lord Wolfson held a press conference to announce the five finalists in his economics prize contest. Naturally Lord Wolfson is not looking for just any solutions, as the initial question makes clear,…

The US dollar is marginally softer as North American players return to their posts. The better-than-expected official Chinese manufacturing PMI (53.1 from 51.0 in Feb and consensus for 50.5) saw steeper losses in the greenback, but the…