currencies

from the BBH Currency Strategy Team Dollar is mixed so far today, largely weaker against the majors and firmer against EM currencies. Euro is trading softer due to ongoing concerns regarding the crisis, with EUR/CHF making new lows near…

from the BBH Currency Strategy Team The European financial crisis is of historic proportions and it remains unresolved as the year draws to a close. The resolution remains elusive, but there seems to be a finite number of ways that the…

This is the last formal North American Daily for the 2010. We will release a shortened holiday mode for the next two weeks and will return to full publication 01/03/2011. Happy New Year! Highlights The US dollar is trading on an…

A BIG GOLD interview with John Hathaway, Tocqueville Gold Fund When John Hathaway spoke at the Casey’s Gold and Resource Summit in October, many of the audience came away feeling like they were listening to Doug Casey, with his contrarian…

The dollar rally continued as US economic data continues to outperform, leading US bond yields higher.  US 2- and 10-year yields have increased by 17bp and 67bp over the past month and the rise in the 10-year to 3.51% is nearly a…

As we feared, Turkey central bank cut rates by 50 bp to 6.5%. Before the recent comments by Deputy Governor Basci, the bank was saying that rates were headed higher towards the end of next year. Latest central bank survey shows market was…

Minutes from the December 7/8 COPOM meeting in Brazil are worth commenting on.  The central bank put a lot of weight on its decision to hike reserve requirements December 3, calling it a “fast and powerful” tool to contain domestic…

The US dollar is mixed, stuck in narrow trading ranges amid the light volume of the holiday season. After falling below yesterday’s figure, the euro strengthened to $1.3266 but gains may be limited with the start of the EU summit today.…

There has been a lot of chatter of late about countries ditching the US dollar as the primary reserve currency and moving on to something else. Robert Zoellick mentioned gold as the alternative. Nicolas Sarkozy has been talking up special…

Press is reporting that the government may impose a bank levy next year of about 0.1% on what it terms “non-core overseas debt.” It appears that the authorities are getting more serious about addressing the nation’s high short-term debt…