Author : Marc Chandler

The most notable thing is not what has happened, but what has not happened.  The market has not responded to the soft Chinese data over the weekend.  Chinese equities...

EM ended last week on a soft note, and that weakness seems likely to carry over into this week.  Dollar sentiment turned more positive after firm retail sales data...

The US dollar staged an impressive reversal against many of the major foreign currencies on May 3. In the following week, speculators in the currency futures market made significant...

The US dollar continued the recovery begun May 3 and rose against most of the major currencies over the past week.  A nearly 3.5% rally in oil prices, the...

The Great Financial Crisis has exposed a deep chasm in economics and economic policy.  In no single institution is this crystallized more than at the Bank of Japan.  The...

The Japanese yen is recovering from two-day two percent decline.  The yen is the strongest of the majors today, rising about 0.6%.  The greenback initially extended its gains marginally...

Sometimes the mountain looks clearer from the plain the summit to paraphrase an American-Lebanese poet.  The dollar appears to have entered a new phase on May 3.  On that...

The key issue facing the foreign exchange market is whether the modicum of strength the US dollar demonstrated last week is the beginning of a sustainable move.  It is...

Speculators in the futures market continued to pare short foreign currency positions but were cautious about expanding long positions in the CFTC reporting week ending May 3.  In fact,...

The US dollar rose against all the major currencies last week. The importance of the price action does not lie with the magnitude or the breadth of the advance....