currencies

The dollar made ground against most major currencies through the Asian session. Moody’s put Spain’s Aa1 debt rating on review for a potential downgrade, citing concerns with government funding and finances and the overall debt level. The…

by Marc Chandler The Swiss National Bank meets Thursday. A change in its monetary stance is not likely for several months at least. However, the SNB will provide new GDP and inflation forecasts that investors may find helpful. The Swiss…

Highlights The US dollar is mostly lower for the second day in a row ahead of the Fed’s meeting this afternoon. The euro maintained a supportive tone after the German ZEW release, which showed improving consumer confidence, but buying…

by Marc Chandler The Financial Times reports that as Trichet was holding a press conference after the recent ECB meeting, European central banks were buying large amounts of sovereign European bonds. Reports suggested that the amounts were…

by Marc Chandler A new factor has arisen that complicates the Federal Reserve’s task as it prepares for its last meeting of the year. The broad outlines of the agreement between President Obama and the Republican leadership on fiscal…

by Win Thin There seems to be some policy uncertainty brewing in Turkey, which we view as negative for the lira. Today, central bank Deputy Governor Basci published a paper on the bank’s website that suggested a combination of interest…

Who am I? What is Money? The Fed is Here to Help. by Frederick Sheehan Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession…

The US dollar is mostly lower with little movement among the majors. The euro remains fairly subdued but recovered early session losses to break above Friday’s close. This week in Europe will be dominated by upcoming political events in…

We don’t want to get too caught up trying to guess the timing of the PBOC’s moves. Suffice to say that over the next year, it will continue to use a combination of policy rate hikes, reserve requirement hikes, and currency strength to help…

Highlights The US dollar is mostly lower as the market anticipates the data deluge from China this weekend (along with the preliminary 50bp hike in reserve requirement) and trading volumes narrow. The euro drifted moderately higher, as…