financial news

Highlights The US dollar is broadly higher against most major and emerging market currencies today, with the yen and Swiss franc being the notable exceptions. With last week’s US employment data taking the immediate focus off the US and…

The employment data was better than expected, but the dollar is not making much headway. The private sector added 62k and the July data was revised up to 107k from 71k initially. The unemployment rate ticked up to 9.6% from 9.5%.…

Highlights The US dollar is mixed in quiet trading ahead of the US jobs report. With some risk-taking is returning to the markets on the back of data this week suggesting that the pace of the slowdown may be moderating and this is lending…

The two key events of the day are passing with little fanfare. The weekly initial jobless claims in the US slipped and sufficiently so as to bring down the 4-week moving average for the first time in a little over a month, but remain too…

BBH CurrencyView Highlights The US dollar is mostly softer, though within yesterday’s ranges as market participants await the ECB’s press conference and US economic data. Sterling is under-performing perhaps being impacted by the softer…

Critiquing Obama's economic policy How Obama Got Rolled by Wall Street – Newsweek FT.com / Columnists / Martin Wolf - Obama was too cautious in fearful times Michael Gerson - Obama's wandering economic message My take:…

BBH CurrencyView Highlights The US dollar is broadly lower to start September as stronger data, especially from Australia and China encourage new risk taking. Yet this has not seen the yen and Swiss franc, beneficiaries of risk aversion,…

Helicopter drops oftwominds: What If We Ditched Quantitative Easing and Just Printed (and Distributed) Cash? A helicopter drop for the US Treasury | vox The Usual Fare BBC News - Anglo Irish Bank in £6.4bn loss Older people…

The BBH CurrencyView Highlights The Swiss franc rose to a record against the euro while the yen also continued to edge higher through the Asian session as some improved Japanese figures failed to dent the risk-off momentum. EUR/CHF…

Le Figaro - Politique : Roms expulsés : Kouchner a songé à démissionner Oväntat stort BNP-lyft i Danmark - DN.se Guest Post: Modern Monetary Theory -- A Primer on the Operational Realities of the Monetary System « naked capitalism Crise…