The focus is squarely on the Federal Reserve today. There is nearly universal agreement that it will lift the target by 25 bp. The market is inclined to see the shift as a sign that...
Last summer vacation we went to the UK and saw some places and enjoyed them. Being a travel buff, I love to explore places, particularly the east of Asia. Japan has been on my mind...
With the market nearly ruling out a 50 bp hike by the Federal Reserve on February 1, the interest rate adjustment appears to have largely run its course. This may be helping to ease the...
A consolidative tone has emerged ahead of the outcome of the FOMC meeting later today. The focus is not so much on the 75 bp rate hike, but on its forward guidance. Many expect the...
The dollar continues to ride high. It reached its highest level against the yen since the recent intervention. The Canadian dollar has fallen to its lowest level in two-and-a-half years and the New Zealand dollar...
It is commonly known that the dollar, the pound, the euro, and the yen dominate the world’s trade invoicing currencies. Regardless of origin and destination, exports and imports of nations frequently use these currencies, with...
The capital markets are quiet today. Equity markets and bond yields have a slight upside bias, while the dollar is little changed. Despite reports that the lockdown in Chengdu is easing, Chinese equities underperformed in...
A GBP130 bln initiative by the new UK government to protect households from the surge in power costs helped lift sterling from 2.5-year lows. The Reserve Bank of Australia delivered the expected 50 bp rate...
The poor eurozone PMI underscores likely recession and weighs on the single currency, which was sold to a new 20-year low. Rather than a “Turn Around Tuesday” a broadly consolidative session is unfolding. Asian and...
The higher-than-expected US CPI and the strong expectation of a 100 bp hike by the Fed in two weeks is propelling the dollar higher. It jumped to almost JPY139.40 and the euro is off more than...
The dramatic collapse of the Turkish lira was like an accident one could not help look at, but it was not an accident, but the result of a disregard for the exchange rate and compromised...
The market awaits the ECB meeting and the first look at the US Q3 GDP. The pullback in US shares yesterday was a drag on the Asia Pacific equities. It is the first back-to-back loss...