Browsing Tag

currencies

Food for Thought

With commodity prices, there are a number of forces at play working to increase prices, including a thirst for natural resources in China and other emerging markets, a natural disaster in Australia, and the La Niña effect on agricultural…

Currency manipulation

By Michael Pettis On Friday the US Treasury released its presumably semi-annual (it was due last October) report to Congress on currency issues, and in it refrained from calling any of the countries under review “currency…

A Message to the EUR/USD Longs?

By Claus Vistesen It seems that JCT today showed that he and the ECB are not completely blind and deaf when it comes to the reality of a stronger currency in a world where everyone is scrambling to devalue. As I have noted before,…

The EFSF and The Euro

By Marc Chandler The European Financial Stability Fund (EFSF) is planning its first issue this week. Talk was of a 3-5 bln euros of a 5-year issue priced 8-10 bp on top of swap rates. This would imply a yield of about 2.85% compared to…

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