Author : Marc Chandler

1) Mexico's FX commission tweaked its intervention program slightly; 2) The political tide in Brazil has turned slightly better for the government; 3) The PBOC announced a rate cut...

The Federal Reserve holds a discount rate meeting on Monday.  There is some speculation that the 75 bp discount rate could rise.  At the September meeting, which is not...

The US dollar is rebounding today after yesterday's correction.  Those losses seemed to have been a function of some profit taking after the seeming confirmation in the FOMC minutes...

The US dollar is trading heavily today.  The losses are not particularly steep against either the majors or the emerging market currencies.  A common narrative is attributing the dollar's...

Brazil’s government scored an important set of political victories yesterday, many of which impact the fiscal accounts.  It is too soon to say that the tide has decidedly changed,...

The British historian Lord Acton famously said, "power corrupts and absolute power corrupts absolutely."  The American response is a system of checks and balances.  The Federal Reserve represents a...

Amid light news, the US dollar’s recent gains have pared slightly.  Attention turns to the US, were several Fed officials speak, October housing starts/permits will be released, and then...

The EU is warning that Austria, Italy, and Lithuania are at risk of not achieving their 2016 budget goals.  It also warned Spain that is too might miss its...

In the Commitment of Traders reporting week ending November 10 covers the few days before the US employment data and a few days after.  Speculative participants made five significant...

The prospect of the Fed rate hike next month while many other countries consider providing more stimuli continues to underpin the dollar.  Corrective downticks remain shallow and brief.  The...