Author : Marc Chandler

EM again starts the week on the back foot, but losses are (for now) concentrated in the commodity currencies.  With commodities (except for iron ore) already under pressure again,...

The Canadian dollar is the worst performing major currency over the past month.  It has lost nearly 4.5% against the US dollar.  That brings its year-to-date loss to almost...

The US dollar is mostly confined to the pre-weekend trading ranges as participants prepare for this week's big events, which include the BOE meeting, minutes and new forecasts, and...

There are two events this week that will shape the investment climate potentially for the rest of the year.  The first is the Bank of England meeting. The following...

The unexpectedly record low increase in Q2 US Employment Cost Index unwound the some of the dollar's weekly gains and neutralized the near-term technical outlook.  Next week's nonfarm payrolls...

1) S&P revised Brazil’s BBB- rating from stable to negative, 2) Banco de Mexico announced changes to its FX intervention program, which had been rumored since last week, 3)...

Earlier today, the Swiss National Bank reported a record CHF50.1 bln loss. It has the chins wagging, but the real implications are minor.  The losses are not realized and...

The US dollar is mostly firmer, with the dollar-bloc under-performing.  Month-end flows appear to be favoring the euro though the Swiss franc is also firmer.  While the dollar is...

The capitulation of Greek Prime Minister Tsipras to the demands of the official creditors has split the Syriza coalition.  About a quarter of the party refused to make the...

The ECB's Economic Bulletin neatly summarizes some interesting trends in Eurozone trade patterns.   There are four main points. First, through the early 2000s, most of the trade was between...