Author : Marc Chandler

The disappointing US employment data reinforces our expectation that after a strong advance in Q1 the US dollar will correct lower in Q2.  The euro's performance is also broadly...

The US March employment report makes for dismal reading.  Job growth collapsed to 126k, the least monthly total since December 2013. Adding insult to injury, there was a 69k...

At the end of last year, we argued that the Minsky moment had come to oil.  That after years of high prices and ideas that oil prices could only...

The US dollar is mostly lower as liquidity thins, and soft economic data kept the bulls penned.  The soft ADP estimate and weaker than expected manufacturing ISM offset the...

At the end of each quarter, the IMF reports on currency reserve holdings by central banks for the preceding quarter. What investors are most interested in is the currency...

The US dollar remains bid as liquidity begins to slip away from the foreign exchange market, not to return until April 7.  The inability of the euro and especially...

There is a legal concept called "odious debts" that is traceable back more than a century.  The US helped create a precedent for it by denying Cuba's responsibility for...

March may begin as a lion and end as lamb, but the US dollar is finishing the month as it began, with underlying strength. The main exception is the...

The divergence meme that had the US well ahead in the global business cycle produced a virtuous cycle.  The dollar and US stocks rallied together.   However, with the dollar's...

EM currencies are starting the week under pressure again from a broad based dollar recovery. While expectations for a Fed lift-off remain in flux, the recent rebound in the...