The Dollar Fights Back
The US dollar starts what promises to be an eventful week giving back some the gains score in second half of last week against the euro and yen. Equity markets are extending their pre-weekend losses. Commodities are also trading with a...
World Bank and IMF Team Up on Issue of Carbon Pricing
The World Bank and International Monetary Fund (IMF) have teamed up to address the issue of climate change. Their latest plan involves using economic leverage in harmony with the technical assistance of private organizations to effect changes that the United...
Catching Up with Currencies and Commodities
It is not that the US dollar had a particularly good week. It was mixed. The best performers were sterling and the Canadian dollar. The pound led with a 1.6% gain, followed closely by the Canadian dollar. It is not...
Market Participants Gear Up for a Big Week
The last week of April is eventful. The Reserve Bank of New Zealand, the Federal Reserve and the Bank of Japan hold policy meetings. The UK, Eurozone, and the US provide the first estimates of Q1 GDP. Japan, the Eurozone,...
Is the Japan-U.S. Relationship Stronger than Isolationist Rhetoric?
Signed in 1951, the US–Japan Security Treaty and the alliance it established have endured for over six decades and continue to play an instrumental role in shaping the regional security order. However, with Republican presidential nominee frontrunner Donald Trump’s ‘America...
Asian Trade Forges Ahead with the RCEP
There seems to be a pushback against trade agreements in the post-global financial crisis era. The Trans-Pacific Partnership (TPP) was signed in early 2016, but US presidential candidates have spared no effort criticizing it so near-term ratification is highly uncertain....
Dollar Down, but Not Out
The US dollar has had a rough few months. It has fallen against most major and emerging market currencies this year. A critical issue for global investors and policymakers is whether the dollar’s uptrend is over, or is this just...
Less Volatility, More Weekend
Equity markets are seeing this week's gains trimmed after the S&P 500 fell 0.5% yesterday, recording its biggest loss in two weeks. Disappointing earnings in some tech leaders spurred profit taking. The US 10-year Treasuries are consolidating the week's nine...
All About the ECB
The ECB meeting is the session's highlight. In recognition of the risk that ECB President Draghi expresses displeasure with the premature tightening of financial conditions through the exchange rate channel is encouraged a modest bout of euro selling. The single...
Iron Mining Data, Kuwaiti Labor Dispute and Japanese Trade Data
The US dollar has been largely confined to yesterday's ranges against the major currencies. China's yuan slipped lower for the first time in four sessions, while the Shanghai Composite fell 2.3%, the most since the end of February. The US...
UN, IMF, World Bank, and OECD Join Forces in Wake of Panama Papers
Several of the world’s leading international economic organizations announced on Tuesday that they would join forces to confront the various tax issues illuminated by the recent Panama Papers scandal. These organizations include the United Nations (UN), the International Monetary Fund...
Can Living in a ‘Good Society’ Have Economic Benefits?
Which is the best African country in which citizens should live? A recently developed barometer has measured just that. The Good African Society Index, published in 2015, measures the quality of society in African states, exploring how African countries perform...
EU and Canada Struggling to Reach Trade Deal
Although international economic treaty news has lately been peppered with more stories about better-known trade deals like the Trans-Pacific Partnership (TPP), there is another treaty that has been generating just as much discussion and, in some cases, animosity. The treaty...
The U.S.’s Role in Asia Could Be ‘Trumped’
In the capitals of America’s Asian allies, two phenomena are combining to intensify already uneasy relations with Washington. The first is China’s continued assertiveness in the South China Sea. Beijing’s militarisation of these contested territories — transforming rocks and reefs...
Positive Market Action with Little Market-Moving News
Global capital markets staged an impressive recovery after the initial reaction to the failure to freeze oil output sent reverberations through the oil markets, commodities, and Asian equities. The sharp reversal begun in Europe and extended in North America has...