Author : Marc Chandler

For many investors, today marks the end of the year, but it is ending on a favorable note. The combination of the FOMC meeting and the SNB adoption of...

Russia's woes have not been sufficient to spur a change in behavior from Putin.  His press conference today was strident, blaming the US and EU for undermining Russia.  He...

Over the last week, Colombia (+9.5%), Mexico (+1.9%), and Chile (+0.1%) have outperformed in the EM equity space as measured by MSCI, while Hungary (-9.6%), Turkey (-7.3%), and Russia...

The Swiss National Bank surprised the market by announced a negative 25 bp rate on sight deposits and lower the 3-month Libor range to -0.75% to 0.25%. Although SNB...

The Federal Reserve upgraded its assessment of the labor market, and changed the future guidance from "considerable time" to "can be patient in beginning to normalize the stance of...

Winston Churchill famously said of Russian foreign policy that it was "...a riddle, wrapped in a mystery, inside an enigma."  What people leave out is what followed.  Churchill offered...

The US dollar's recovery that began yesterday continues today.  The euro reached the 50% retracement objective of its slide since mid-October (~$1.2565) and now is more than a full...

The US dollar extended recent losses against the euro and yen.  Oil prices continue to swoon.  The price of Brent oil has fallen below $60 and WTI approached $54....

Developments in the coming days will likely push the People's Bank of China into easing monetary policy the near-term.  Many have been looking for a follow up move since...

EM currencies remain soft ahead of the FOMC meeting Wednesday.  The Fed is widely expected to modify the language in its forward guidance, which would be consistent with the...