Author : Marc Chandler

EM ended the week on a soft note, as the dollar reasserted broad-based strength against most currencies. The FOMC meeting this week could see the Fed push back against...

Contrary to conventional wisdom, we think monetary policy remains an important variable for asset prices. Interest rates and foreign exchange are two dimensions of the price of money.  There...

Speculators made several significant position adjustments in the CFTC reporting period ending 19 July.  The euro bears added to their gross short position for the fourth consecutive week and...

The US dollar gained against all the major currencies over the past week.  It also rose against many emerging market currencies.  A notable exception was the Chinese yuan.  The...

The New York Times reported that the US is preparing to seize $1 bln in assets tied to 1MDB, S&P downgraded Turkey a notch to BB with a negative...

As the week draws to a close, there are three main developments in the capital markets.  First, the profit taking seen in US equities yesterday has continued in Asia...

The weighted average of the Fed funds rate has edged higher.  Following the Fed hike in December 2015, the Fed funds average around 36 bp in January before moving...

Draghi said nothing that surprised the market.  He acknowledged the resilience of the markets in the aftermath of the UK referendum.  He also noted that with new staff forecasts,...

Monetary policy is said to have lost its impact on the foreign exchange market, as investors scratch their heads at the resilience of currencies with negative interest rates.  Yet...

The Australian dollar recorded a key downside reversal last Friday (July 15) and had seen follow through selling this week.  It is off 1.25% over the past three sessions,...