Author : Marc Chandler

The FOMC delivered a statement largely as expected.  It upgraded its assessment of the global economy by dropping the reference to risks.  It downgraded its assessment of the domestic...

Under Kuroda's leadership, the BOJ has surprised the market a number of times, most recently with the move to negative rates at the end of January.  Under Kuroda's leadership,...

There is a debate.  On one hand is Summers, who argues that modern economies have entered an era of secular stagnation.  Full utilization of the factors of production and...

The foreign exchange market is largely quiet as the market awaits fresh trading incentives and the FOMC statement later in the North American session.  The main exception to the...

My name is no My sign is no My number is no You need to let it go Debt relief is no German stimulus is no ECB easing is...

The gains the US dollar registered in the second half are being pared, but it is sterling's strength that stands out.  It is difficult to attribute it to Obama's...

We expect the FOMC statement this week to recognize the improvement in the global conditions that have been an increasing worry for officials over Q1.  At the same, time...

EM ended last week on a soft note.  Perhaps the main driver was rising US yields, as markets become wary of a more hawkish Fed this Wednesday.  Perhaps it...

The US dollar starts what promises to be an eventful week giving back some the gains score in second half of last week against the euro and yen.  Equity...

Speculators in the futures market continued to press a bearish view of the US dollar the CFTC reporting week ending April 19.  According to the Commitment of Traders report,...