Author : Marc Chandler

News that Switzerland's reserves rose to a new record high of CHF602.1 bln in May from CHF587.9 bln in April spurred talk that the SNB has been intervening covertly. ...

This Great Graphic shows the price people are willing to pay to bet that the UK votes to leave the EU at the June 23 referendum on the PredictIt...

The Japanese yen is the only major currency not to be gaining against the US dollar.  Emerging market currencies, save the Chinese yuan, are also advancing against the greenback...

In March, the ECB decided to increase its asset purchases from 60 to 80 bln euros a month and to include corporate bonds.  The corporate bond-buying program begins this...

EM ended the week on a firm note after the US jobs shocker.  While we view the weak reading as a fluke, shifting market perceptions of Fed tightening risk...

After the shellacking it took after the shockingly poor jobs data, the US dollar has only managed a shallow recovery against the euro and yen.  The euro peaked near...

Through the first part of the year, the swinging pendulum of expectations for the trajectory of Fed policy has been a major driver in the foreign exchange market.  This...

Even recognizing a holiday-short week, speculative position adjustments were minor in the days before the ECB meeting and the US jobs report.  There were no gross position adjustments that...

The US dollar reversed higher on May 3 and trended higher.  It peaked on May 30, but it was not clear until the poor US jobs report sent the...

In the EM equity space, China (+4.1%), Brazil (+3.0%), and Hong Kong (+1.8%) have outperformed this week, while Poland (-2.6%), Russia (-2.1%), and Qatar (-1.9%) have underperformed.  To put...