Author : Marc Chandler

It is beyond dispute.  The US dollar is in a powerful bull run.  There are two main drivers, and their ability to dominate the price action varies according to...

The investment climate rests on three legs:  the divergence that is characterized by the de-synchronized business cycle, the decline in commodity prices and a slowing of China.   Data...

The main theme this week has been the heavy tone of both sterling and the yen.  The yen's weakness stems from the aggressive easing by the BOJ and the...

1) Hong Kong indicated it would lift the CNY20k limit for daily currency limit for Hong Kong residents 2) Moody's upgraded the outlook on Hungary’s Ba1 rating from negative to...

France is in a difficult position.  It has not had a sufficient spur to reform, despite the platitudes by both Sarkozy and Hollande.  The fall of the Berlin Wall...

The consolidative tone that has been a general feature of the foreign exchange market continues today, leaving the US dollar broadly mixed.  Even though the Fed's new Labor Market...

The Bank of Japan surprised the markets on October 31, and probably surprised itself just as much.  The BOJ meeting was initially to update macro forecasts, but it soon...

While the US dollar has come back bid today, the real story is the drop in the Japanese yen.  The yen is off almost 1% against the US dollar...

Emerging market assets, in general, are lacking a defined direction. The fall in commodity prices seems to be stabilizing, for now at least, but the impact of the large...

The euro has slipped to its lowest level against the Swiss franc since late 2012.  It has come within about 20 pips of the floor that the SNB has...