Author : Marc Chandler

Over the last week, Hungary (+4.8%), Brazil (+4.6%), and Russia (+4.4%) have outperformed in the EM equity space as measured by MSCI, while India (-4.5%), Thailand (-2.3%), and Egypt...

The US dollar is softer against all the major currencies today, led by the euro and sterling. The main exception is the New Zealand dollar.  Dovish comments by the...

The price of gold is essentially unchanged from where it finished last year.  There have been several interesting developments.  Of particular note, China, India and Russia were significant buyers...

A string of soft data in Asia and Europe has helped underpin the dollar, but choppy range trading persists.  Asian shares still rallied, helped by the biggest rally in...

The Swiss National Bank announced today that as of May 1 the negative rate charged for sight deposits would be applicable to most institutions that were previously exempt. Many...

The bill that would grant President Obama trade promotion authority (fast track) is in for markup today.  That refers to the process where the initial bill is modified, re-written...

Today, there have been several fundamental developments encouraging the dollar's slippage.  Japan reported its first trade monthly trade surplus in nearly three years; further easing of rate cut expectations...

An element links the terrible human tragedy in the Mediterranean and the ongoing Greek crisis.  It is Europe's over-emphasis on moral hazard.  Moral hazard is the idea that people...

The US dollar is extending yesterday's gains but remains well within ranges that have confined the greenback for more than a month now. There are two main catalysts. First...

Greece expects to submit a more complete list of reforms in order to free up funds so the country can service its obligations.  Four times the Greek government has...