Browsing Tag

currencies

Bundestag Approves, Agenda Shifts

Dollar is paring back its overnight gains as Germany ratifies changes to EFSF; European banks higher. Ratification of the EFSF sets the tone for a shift in the political agenda; Q2 US GDP expected higher. Brazil’s August wholesale IGP-M…

On Greek Haircuts

Most of the writers whose work appear on this blog have long warned that the extend and pretend strategy in Europe would fail. Now, it seems that Europe is moving to a hard restructuring for Greece and recapitalisation for bank creditors.…

So You’re Saying There’s a Plan?

Market confidence continues to improve amid hopes that euro zone policy makers take bold actions. Slovenia begins vote on EFSF ratification; sharp shifts in positioning may prompt mean reversion. Hong Kong’s trade figures showed a softening…

A Week is a Long Time

European stocks higher in part from ECB and potential policy action; dollar softer against majors. G10 market focus this week again EZ with EFSF votes, bonds auctions, Greece aid; US macro data. EMs are likely to be dominated by DM…

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