Overview: The US dollar is trading with a softer bias in tight ranges. The euro and sterling have been confined to yesterday’s ranges, while the greenback briefly traded above JPY113.00 for the first time in...
The US dollar is beginning the new week on a soft note, as China threatens not to accept the invitation for trade talks in Washington if the US imposes new tariffs on $200 bln of...
The predecessor of the World Trade Organization was the GATT, which did not really stand for the General Agreement to Talk and Talk, even though the negotiating rounds would last years. Facing rising trade tensions...
The Swedish krona is the weakest of the major currencies so far this year, having lost more than 10% against the US dollar and about 6.6% against the euro. The main weight arguably was the...
US Department of Energy announced yesterday offered for delivery between October 1 and November 30, 11 mln barrels of sour crude oil from the Strategic Petroleum Reserves. The move has nothing to do with operationalizing...
The US policy mix gets a privileged place in our understanding of what is the dollar. Tighter monetary policy and looser fiscal policy could be the closest thing to an elixir for currencies. It is...
The Trump Administration argues that other countries have been taking unfair advantage of the US on trade for years, and what many are calling a trade war is really only the US finally saying enough....
The Japanese yen has been sold following the adjustments to policy and outlook by the BOJ that will allow the unconventional policies continue for an “extended period of time.” Cross rate pressure and month-end demand...
Following a record injection via the medium-term lending facility yesterday, China’s officials unveiled a set of policies designed to support the weakening economy that soon could face a substantial drag from US tariffs. The effort...
The first doubts over the future of globalization were expressed after 9-11. Many were concerned that the added security costs would make the cross-border movement of goods more expansive. Nearly everyone at the time embraced...
The political obituary of UK’s May, who many see as an “accidental” Prime Minister, has been written many times in the past year and a half only to be withdrawn. Again, it looked like the...
The global capital markets are trying to stabilize. US equities recovered from early losses yesterday but this was not enough to stop Asian equities from extending recent losses. The MSCI Asia Pacific Index slipped 0.2% for...
