currencies

QE is, in fact, a ‘crop failure’ for the dollar. The Fed’s shifting of securities out of the economy and replacing them with clearing balances removes interest income. And the lower rates from Fed policy also reduces interest paid to the…

Dollar stronger on the day for the fourth day in a row. Stories are flying about a possible new Greek aid package, causing choppy currency markets. Swiss CPI well below expectations; Norway CPI above expectations

One of the key premises underpinning the establishment of the Euro as a common currency to be shared by a number of individual national states rather than one single nation was the central idea that the several economies of the…

Almost a week before S&P’s move, Fitch cut the outlook for China’s yuan debt to negative from stable. Media coverage was almost non-existent and there has hardly been any commentary. Frankly, most observers don’t even seem to know it…

Dollar selling resumes as equities and commodities recover after US employment report Euro moves back near $1.44 after EU officials discussed further aid to Greece Dollar likely to remain on back foot this week; Growth currencies likely…

The unscheduled meeting between several euro zone finance ministers, Eurogroup head Juncker, EU Monetary Affairs Commissioner Rehn, ECB President Trichet and a few other senior officials was important. It marks the official recognition that…

The euro took another leg lower in thinned afternoon North American markets after Der Spiegel online reported that Prime Minister Papandreou is contemplating a Greek exit from the euro zone and that the EC is calling a "confidential"…

This is my translation of an article from the German magazine Der Spiegel which says: "The debt crisis in Greece is getting worse. According to information available to SPIEGEL ONLINE, the country's government is considering leaving the…

Dollar pares back some of its gains ahead of NFP; risk appetite marginally improves NFP is likely to surprise to the downside but a “big miss” needed for a large market move Commodity currencies remain in focus; RBA signals potential rate…

Voters in Iceland have rejected their government’s attempt to foist on them the costs of bailing out foreign creditors. Should voters in Ireland too?