Author : Marc Chandler

The global capital markets have entered a new phase.  The transition has partly been obscured by the crisis in Greece and the sharp fall in Chinese shares.  The policy...

The US dollar rose against nearly all the major and emerging market currencies in the past week.  The notable exception among the majors is sterling, where hawkish BOE comments...

On July 21, 2005, China surprised the world by abandoning its peg to the dollar that had been in place since 1995.  It immediately appreciated by 2% and gradually...

1) The Mexican oil auctions, while historic, proved to be a bit of a dud, 2) China revealed more support measures, 3) Brazil is considering an amnesty to undeclared...

The latest Wall Street Journal survey found that 82% of economists expect a Fed hike in September, completely dismissing a July hike, as this Great Graphic illustrates.  A December...

Kicking the can just far enough down the road to push the Greek drama off center stage, the diverging monetary policies reemerged this week as a key force. Yellen...

The ECB left policy unchanged.  The economic assessment was unchanged, in line with the staff forecasts made last month.  The asset purchases continue to go smoothly.  Inflation bottomed earlier...

The US dollar remains bid.  Yellen's comments and the Beige Book signal that the Federal Reserve is still on track to raise rates this year.  In contrast, as the...

The Canadian dollar took a sharp tumble on the contrast between the Bank of Canada's rate cut and Yellen's confirmation that the Fed is still on track to hike...

Those regional Federal Reserve banks that want to hike the discount rate are gradually increasing.  Last month, the Richmond Fed joined four other regional Fed banks (Dallas, Kansas City,...