financial news

It appears the foreign exchange market is being driven by one overriding consideration and that is that the ECB is going to raise rates as early as next month. The debt crisis on the periphery has been ignored. Fitch cut the outlook for…

from the BBH Currency Strategy Team There has been an obvious build up of expectations about the US jobs report today.  The dramatic jump in the ADP estimate sparked a large upward revision in expectations even though the…

from the BBH Currency Strategy Team The US dollar is softer on the last trading day of the year with position squaring likely the main driver. With the economic calendar light, the euro traded in narrow ranges throughout most of the…

The US Department of Labor reported this morning that seasonally adjusted initial jobless claims were 388,000 In the week ending Dec. 25. That is a decrease of 34,000 from last week's revised number of 422,000. This is the lowest weekly…

from the BBH Currency Strategy Team The US dollar extended its Wednesday's losses after softer bond yields prevailed following yesterday's successful auction and light volume weighed on the dollar's tone. The euro traded on a supportive…

from the BBH Currency Strategy Team The US dollar is softer today after yesterday's disappointing economic data releases stoked a drop in US bond yields. The euro remains choppy with conditions exacerbated by thin trading and gains capped…

from the BBH Currency Strategy Team The US dollar is softer today versus the majors and EM. The euro maintained a supportive tone following the move up to the $1.3270 region. Momentum was lacking due to thin trading liquidity and an…

The latest financial news from around the web. Articles to note on Allied Irish's nationalisation and the Fed's attempts to block new foreclosure regulations. On behavioral finance, we have a good link from Robin Hanson's blog on the…

from the BBH Currency Strategy Team The dollar is mixed today vs. the majors and is softer vs. EM.  The euro has stabilized, but continues to feel heavy as EUR/CHF holds marginally above the record low around 1.2440 from…

Today's best financial news links from around the web. Featured posts are on Chinese inflation and suits against banks and bank agents for allegedly breaking into homes to wrongfully evict homeowners. We also have the Saxo Bank outrageous…