currencies

The US dollar is broadly higher against the major and emerging market currencies to start what promises to be an important week, with several parliaments due to vote on Greek 2.0, the second and possibly final LTRO, and PMI readings. There…

The US dollar is broadly lower against most major and emerging markets currencies with the notable exception of the yen. The two main features of the week’s activity are the euro strength and the yen weakness.

The US dollar is broadly weaker on the day but with most major currencies still trading within a relatively narrow range. The euro rose to an intraday high of 1.3343 following strong German IFO data, a level not seen since December, before…

The US dollar is continues its broad rally as doubts over Greece persist, although currencies continue to trade in relatively tight ranges. While European drama continues to command attention, the yen has quietly depreciated and is now at…

The US dollar is advancing against the majors and most EMs as the “sell the fact” theme prevailed following the approval of the Greek bailout. Note, of the €130 bln aid package, the vast majority (roughly 85%) is being used to bail out…

The combination of a 50 bp cut in China's required reserve ratios and anticipation that the European finance ministers sign off on the second aid package for Greece has lifted equity markets and most of the non-US dollar currencies.

There are two sets of important developments over the weekend that will influence the global capital markets. The first is in China and the second in Europe.

The US dollar continues to rally as uncertainty over the fate of Greece boosts demand for safety as the Greek tragedy is spinning into a farce.

The vagaries of Europe's debt crisis continues to be the most important driver of the short-term price action in the foreign exchange market. Indications that Greek New Democracy leader Samaras would sign a letter of commitment to the aid…

The US dollar is broadly mixed against the majors and EMs after the market appears to have shrugged off Moody’s downgrades of European sovereigns. Central banks ability to surprise the market remains intact, even in these trying times. It…