Browsing Tag

currencies

BOJ Joins SNB To Intervene Aggressively

The BOJ intervenes aggressively to weaken yen; we do not see any major G7 initiative. The euro zone periphery remains under pressure as ECB meets; Spain borrowing costs rise. Global equity markets are lower as growth risks, sovereign risks…

SNB takes action against strong CHF

US growth concerns and downgrade risk remain in play after budget deal. Euro zone periphery remains under pressure as ECB meets Thursday. SNB takes action against strong CHF; spike in EUR/CHF offers good entry point to go long CHF.

What About Currency Revulsion?

The normal case—let us say, in the US or the UK or Japan—is that anything for sale is for sale in the domestic currency. These sovereign governments never find that they cannot buy something by issuing their own currency. However, the…

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