Author : Marc Chandler

Between the “no” in the Greek referendum and a sharp drop in oil and commodity prices, EM is starting the week on a bad note.  Therefore, we think this...

The global capital markets responded in a typical risk-off fashion to the sharp victory in Greece for the rejection of the creditors' demands.  However, by the time European markets...

Polls indicate that the outcome of the Greek referendum is too close to call.  However, the results of the Scottish Referendum and the British national election are fresh our...

It is difficult to make much sense of the short-term price action in the foreign exchange market based on or spurred by this or that headline about Greece.  On...

1.  FX Price Action:  The US dollar is little changed against most of the major currencies.  The notable exception is the Australian dollar.  It has been sold to new...

Three years ago this month, ECB President Draghi issued his now-famous pledge to do "whatever it takes" to save the euro.  Indeed, it has done its part.  The ECB...

Greece has formally fallen into arrears with the IMF, and the second aid package has expired.  The markets have taken it in stride.  The euro briefly pushed below $1.1100...

Today is the end of the quarter so we will get the IMF's COFER report on currency reserves from Q1. This is when the dollar was very strong. We...

The markets remain off-kilter.  The dollar has recouped a little of the ground lost yesterday.   Reports in a Greek paper that Tsipras may be reconsidering Juncker's proposal may prevent...

EM assets start the weak on a soft note, driven by risk off sentiment stemming from Greek developments.  The weekend PBOC easing measures had little impact, with China stocks...