Author : Marc Chandler

The US dollar remains under broad pressure after yesterday's sharp decline.  Neither dovish comments by ECB President Draghi, nor the Reserve Bank of New Zealand have managed to reverse...

Apparently, when Irish eyes are smiling, it is time to call an election. That is what Prime Minister Kenny has done.  The election will be held on February 26. ...

The Bank of Japan surprised investors by introducing negative rates last week.  Leave aside the fact that the negative rates do not go into effect for more than another...

The US dollar is sporting a softer profile today as the global capital markets are trying to stabilize.  Oil prices have steadied, with WTI back above $30.  Bond markets...

The yen is the strongest currency today.  Many are still referring to it as a safe haven.  However, this strikes us as a misuse of the concept.  Investors are...

Prime Minister Cameron has enthusiastically embraced the EC draft proposals in response to the UK’s demands.  The wires quote Cameron as saying, "I would opt in to EU membership...

The decline in oil and equities are lifting European bonds and Treasuries.  The US dollar is firmer against most major and emerging market currencies.  The decline in oil and...

The Bank of Japan surprised investors last week by introducing negative interest rates.  At the World Economic Forum in Davos a couple weeks ago, BOJ Governor Kuroda appeared to...

As we suspected, the current EM bounce still has some legs.  The BOJ’s surprise easing helped EM and risk end on last week on a strong note, and we...

Investors continue wrestling with the implications of last week's surprise rate cut by the Bank of Japan.  The yen is little changed against the dollar, near its 200-day moving...