Author : Marc Chandler

The FOMC message is that it is still on course for hiking rates later this year.  The Fed previously told us it would taper, and it did.  It told us...

It was supposed to be all about the Federal Reserve today, but the strong UK's weekly earnings data has sent sterling to four-week highs and brought forward market-based measures...

The doomsayers claim that the role of the dollar is being eclipsed by the rise of the Chinese yuan.  Others see the demise of the dollar and some countries,...

The US dollar has come back better bid after initially extending yesterday's pullback.  The euro pushed to $1.1330 after having dipped briefly below $1.1200 yesterday.   However, despite what appears...

Critics of the Greek government repeatedly claim that its radicalism prevents a resolution to the crisis.  Yet the EC has indicated that the difference between the creditors’ proposal and...

In a familiar refrain, EM starts this week on a soft note.  Most EM currencies are softer against the dollar.  MSCI EM is having trouble gaining traction, and appears...

The US dollar began the new week bid in Asia, but surrendered most of those initial gains before the start of the European session.  The lack of fresh news...

The FOMC meeting is the most important economic event next week.  The implications are much broader than the impact on the US dollar, which has surprisingly not reacted to...

After the strong US jobs data, there was no follow through buying of the dollar.  The greenback fell against all the major currencies last week, save the New Zealand...

1. Turkey looks to have a coalition government for the first time since 2002.  2. Brazil’s central bank is reducing its rollover of FX swaps.  3. Hungary recorded the...