Europe

Spain unemployment claims increased 112,269 in February, with total registered unemployed reaching 4.7 mln and the pace of claims picking up. This comes after a pretty ugly Q4 jobless rate of 22.9%, and points to further deterioration…

Never known for being easy, the euro and yen seem particularly difficult to understand presently. During such times it is often best to return to basics. Foreign exchange reflects the cost of money. So do interest rates. The relationship…

In this piece Variant Perception looks at the mechanics of a currency breakup and how it would happen. This piece is longer than most of their pieces and is a slightly more wonkish piece than usual, but the first two pages provide a summary…

By Edward Hugh It’s been a long time now since Paul Krugman spoke of the Ukraine economy epitomising the arrival of what he then termed the “second great depression“, and its been an even longer long time since we lay awake at night…

Portugal's aid package assumes it can return to the capital markets in the second half of last year. This seems less likely with each passing day.

The US dollar is trading on the back foot against most EMs and the dollar bloc currencies but is firming against some European currencies after the release of the ECB’s second LTRO in which 800 banks took down €529.5B, slightly above…

The US dollar is broadly weaker ahead of tomorrow’s 3-year ECB tender (LTRO).

The US dollar is broadly weaker ahead of tomorrow’s 3-year ECB tender (LTRO).

By Marc Chandler There are many voices that continue to clamor for a European bond; one that is backed collectively by the various members. Germany and the other creditor nations are understandably skeptical especially without greater…

The US dollar is broadly higher against the major and emerging market currencies to start what promises to be an important week, with several parliaments due to vote on Greek 2.0, the second and possibly final LTRO, and PMI readings. There…