The US dollar has a slightly lower bias today, but the against most of the major currencies, it is consolidating within the range set at the end of last week. The main exceptions are sterling...
The US dollar is narrowly mixed after selling off following the FOMC statement. Sometimes the narrative explains the price action, and sometimes the price action explains the narrative. This seems to be the case of...
The Indian Rupee (INR) is surprisingly strong proving many analysts wrong. In a world where emerging market currencies experience decline, the INR has been appreciating steadily. From a low of Rs.68.77/USD in Feb 2016, the...
News of the defection of two more Republican Senators doomed the Senate attempt to replace and repeal America’s national health care. The failure to replace the system dubbed Obamacare, despite the Republican majority in both...
India’s nuclear policy is now believed to be placing a greater emphasis on China instead of focusing on archrival Pakistan. But this is not to be mistaken as a shift in the nation’s nuclear doctrine,...
Sterling’s advance today is being attributed to comments by a member of the Bank of England’s Monetary Policy Committee McCafferty. However, we suspect it was a news item that was used to justify the price...
If there are two key measures of a nation’s financial health – the budget deficit and national debt – then the UK is flat on its proverbial back. Seven years after this government came to...
The conventional narrative is that the yen’s strength is being driven by risk. It seems to border on circular logic. If the yen is up, it must be due to investors being averse to risk,...
This agreement will free up the next tranche of payment so that Greece can make a large debt service payment (~7 bln euros) next month. However, the underlying situation is not resolved, and until it...
Entering an evolving market is akin to stepping into a minefield. How does one exploit such a market with enormous potential, but where the risk of policy quagmire is also equally probable? One way is to...
Indigenous peoples believe they preserve forests best – something that is becoming more important as the planet heats up. But indigenous peoples need land title to implement protection – why is this so contentious? Indigenous...
There was once a young king, even younger than Emmanuel Macron, who conquered power thanks to a sagacious adviser. The young king was called Chandragupta, and he was about to inaugurate the reign of the...