Europe

Highlights The US dollar has continued the decline that began before the weekend on news of the EU/IMF deal over Greece.  However, after testing resistance near $1.3550 in Asia, the euro surrendered its latest gain as the market is…

Highlights The US dollar is beginning the new week as it finished last week, with a heavy tone.  Position adjusting in the wake of the European/IMF deal and ahead of month end is the main driver.   Also prompting some…

A post by John Mauldin. "To trace something unknown back to something known is alleviating, soothing, gratifying and gives moreover a feeling of power. Danger, disquiet, anxiety attend the unknown - the first instinct is to…

When we look back five years from now, will we see this week as marking a turning point in the short, but far from uneventful, ten year history of Europe’s common currency? Certainly recent comments by the deputy governor of the People's…

The deal which European leaders have now struck is the best we could have hoped for given the political constraints for everyone involved. The 16 countries in the eurozone have agreed to a contingent aid package of loans and IMF assistance…

Marc Chandler is the global head of Brown Brother Harriman’s top ranked Currency Strategy Team. For more of BBH’s currency views, please visit the BBH FX website here. Highlights The US dollar is consolidating yesterday’s outsized…

A leading French daily is now reporting that the French are moving toward the German position on the Greek sovereign debt crisis. France may be willing to accept a role for the IMF, if it comes to this. The change in position comes a day…

Greece to Default ‘At Some Point,’ UBS’s Donovan Says – Bloomberg.com FT Alphaville » Speaking of Portugal and sovereign risk: a downgrade FT Alphaville – Tracy Alloway – China’s great central economy, and big local problems…

Germany's finance minister Wolfgang Schäuble wants to save the euro but he doesn't seem to be very flexible about his negotiating tactics. He says Germany will support Greece if default is imminent, but they will receive nothing until then.…

If you’re really good at making a pigs ear of things, why not join the EU? Of course, this is not meant as a piece of solid advice, rather it is a cry of frustration at being impotently forced to watch so many things done so badly, each in…