Author : Marc Chandler

Once again, EM assets are starting the week of on a soft note. Once again, EM assets are starting the week of on a soft note. This is not...

The US dollar trades narrowly mixed to start what could be a pivotal week.  The week has two parts: before and after the FOMC meeting.  Before the meeting, we...

The average daily turnover in the foreign exchange market is over $5 trillion a day.  Many traders and analysts put considerable weight on market positioning.  However, it proves very...

A flood of data comes in the week ahead.  The US reports consumer prices, retail sales and industrial output figures. The Eurozone reports industrial production and the final August...

The global capital markets are subdued as the week draws to a close.  Asian stocks, while European bourses are heavier.  Bonds are firm.  The dollar itself is little changed...

The reasons for Brazil’s downgrade to sub-investment grade are clear, and do not need further discussion beyond noting that the numbers are going to get much worse before they...

When China engineered a mini-devaluation of the yuan in August, it succeeded in closing the prior gap between the fix (central reference rate) and the spot onshore yuan.  One...

The RBNZ cut rates 25 bp to 2.75%.  It was already discounted, but what punished the kiwi was the intimation by Wheeler of scope for additional rate cuts.  Another cut...

There are three key developments today. After seemingly spending recent months pursuing a controversial political agenda, Japan's Abe has returned his attention to the economy to propose corporate tax...

In a familiar refrain, EM assets start the week on a soft note, with markets picking up where the left off on Friday. With China markets reopening after a...