Author : Marc Chandler

1.  China's reserves fell by almost $94 bln in August.   This was a little more than the Bloomberg consensus but not as large as the $200 bln some had...

There are three, and arguably interrelated, known unknowns that are seemingly on everyone's mind.  First is the decline in global equity markets. Is this simply a long overdue correction?...

The US dollar gained against most of the major currencies last week. A notable exception was the Japanese yen.  Steep equity losses and drop in bond yields provided the...

1) Reports suggest the PBOC will impose a 20% reserve requirement on financial institutions trading FX forwards, 2) The HKMA had to intervene this week at the strong side...

Cognizant that the initial estimate of August nonfarm payrolls habitually disappoints, market participants, and presumably policymakers will look past the low 173k increase, and instead focus on the favorable...

The dovish signals from the ECB failed to offer lasting support for the global capital markets.  Asia shares slumped, with the Nikkei falling to new lows since February and...

The ECB is clearly the driver of the day, spurring a quick drubbing of the euro, pressing bond yields lower, and giving a fillip to equities.  The lower US...

The closure of Chinese markets today has removed an agitator and contributed to the calmer tone in the global capital markets.  Sweden's Riskbank decision to policy on hold has...

The capital markets are quieter today.  Equities remain heavy, but losses are comparatively mild.  Core bond yields are slightly softer.  The US dollar is firmer against the major and...

EM is starting the week with a weak tone, though the panic of last week has abated for now.  The bounce in commodity prices seems to have run out...