Author : Marc Chandler

The dovish take to Fed Chair Yellen's testimony yesterday has continued to weigh on the dollar and support global bond markets.  Equities are mixed with the major markets lower...

Bond yields and the dollar fell.  Emerging markets and equities performed well.  The main cause appears to be Yellen's testimony to the Senate.   Yet this seems to be...

Testimony by Federal Reserve Chair Yellen is one of this week's few highlights.  Yellen's testimony is not about articulating a new policy, but explaining the existing policy to US...

Amid relatively light news, the US dollar is bid.  The euro is back to the lower end of its range, straddling the $1.1300 area.  The dollar is at an...

German Chancellor Merkel visited the Vatican over the weekend.  Consistent with the diplomatic practice, they exchanged gifts.  The Chancellor gave to the Pope a Bach CD and a donation...

With some of the big near-term uncertainties gradually being cleared up (Greece and Ukraine), we think EM assets could get some traction this week. That said, EM FX will...

The US dollar caught a strong bid to start the week.  The prospects that Yellen will keep the June rate hike in play after the FOMC minutes are diminishing...

The Greek issue has been sufficiently resolved for now that investors' focus will shift elsewhere in the week ahead.  The answers to three questions will dominate the market's attention....

Anxiety over Greece seemed to offset the dovish read of the FOMC minutes.  The US dollar was little higher on the week against both the euro and yen in...

Yesterday we attended an event with Brazil’s Finance Minister Levy.  Our takeaway was that policymakers are willing to accept a subpar 2015 in the hopes of getting the economy...