Author : Marc Chandler

The US S&P 500 closed above 1950 for the first time since January 6.  Global equity markets are broadly higher in response.  At the same time, ahead of the...

The G20 finance ministers and central bankers will meet in Shanghai starting tomorrow.   From some quarters, there is a sense of urgency.  The IMF, for example, is likely to...

The foreign exchange market is unusually calm.  The US dollar is little changed against currencies.  While the selling pressure that took sterling below $1.39 and the euro below $1.10...

The concept of moral economy was first used by 18th-century thinkers trying to make sense of the rising capitalist values.  In feudal society, a "fair price" was preferred over...

When considering the impact of changing currency prices on an economy, trade-weighted measures are appropriate.  The Federal Reserve has cited the dollar's appreciation as a headwind on the economy...

A confluence of factors is raising anxiety levels among investors, expressed in heightened volatility. The S&P 500 was turned back yesterday from the key 1945 level, and global equities...

The US dollar and yen remain firm.  The ramifications of Brexit continue to weigh on sterling and the euro.  After nearing $1.4050 yesterday, sterling could not move much above...

The US dollar has begun the week with a strong advance against sterling and the euro. Sterling's drop, the most in several years, is not a function of macroeconomic...

As the European Union grew, the unanimity in decision-making increasingly gave way to qualified majority voting.  This development took away an important weapon the UK deployed to pursue its...

We think that it is still too early to say whether Friday's price action was simply profit taking ahead of the weekend, or the resumption of overall negative market...