financial news

Andorra, a Tiny Tax Haven, Tries Openness - NYTimes.com Marginal Revolution: How to interpret Germany, again Marginal Revolution: Fessing up to previously incorrect beliefs Where I Believe that I was Most Wrong, Arnold Kling | EconLog |…

Flaherty defends Irish policy after downgrade - National Post Among Democrats, economic pressures are changing tax-cut dynamics UK economy grows at fastest pace in nine years - Telegraph Muslims Give Obama Highest Job Approval; Mormons,…

From the BBH Currency Strategy Team Highlights The US dollar is mostly weaker vs. the majors but remains in very narrow trading ranges ahead of the weekend. EUR/USD is still having trouble moving above the 1.27 area, and is likely to…

I will be on BNN at 12:15 today. Topics are unknown but Ireland's downgrade and double dip in the US are two likely subjects.  My general take is that this is playing out as scripted here and here. Back in 2009, when I was talking…

From the BBH Currency Strategy Team. Highlights The US dollar is mostly weaker vs. the majors as risk appetite creeps back in the wake of yesterday’s impressive recovery in equities after the very weak US data. EUR/USD still had trouble…

From The BBH Currency Strategy Team. Highlights Though concerns about economic growth prospects in major economies are still dominating financial markets after the poor US data yesterday, verbal intervention from Japan’s Finance…

This is what is helping drive markets down. But, the price action was ugly even before. The Yen is at a 15-year high versus the USD and a 7-year high versus EUR. Swissy is also crushing. Bunds are at record lows. And now the ten-year is at…

From the BBH Currency Strategy Team. Highlights The US dollar is stronger vs. the majors as risk aversion carries over and intensifies.  EUR/USD is making new lows for this move but is finding some support around 1.26 for…

Short links post today. The link I want to highlight is the Greek one on illegal immigration. When the economy is poor, immigration always becomes an issue, especially illegal immigration. Watch how Europeans handle this versus Americans as…

From the BBH Currency Strategy Team. Highlights The US dollar is mostly softer vs. the majors as earlier risk aversion during the Asian session has been reversed during early European trading.  Overall FX trading has been in very…