Author : Marc Chandler

There are two separate but related developments lifting the euro to its best level in three-months against the US dollar.   First, the US economy is off to a disappointing...

Reports exaggerated the significance of the May 12 procedural vote in the US Senate.  Some called it a rebuke of Obama.  Others said it was a stunning blow or...

We have produced this ratings model to assist investors in assessing relative sovereign risk over a wide range of Developed Markets (DM), 29 in all. Scores directly reflect a...

The combination of the disappointing US retail sales and small inventory build has encouraged a new bout of dollar selling.  The world's biggest economy may have contracted close to...

Equities and bond markets are mostly trading higher today.  The dollar changed little against the euro and yen, but it is softer against the dollar-bloc.  Sterling extended is a...

The main legislative hurdle to granting Obama Trade Promotion Authority (fast track) was supposed to be in the House of Representatives. This makes the defeat on a procedural vote...

When the European phase of the debt crisis erupted, involving the IMF was controversial. However, its money, expertise, and credibility carried the day.  It became integral to the aid...

The unwinding of the long bonds/long US dollar position is continuing this week after it appeared to have reached climactic proportions last week. Eurozone benchmark 10-year yields are 11-12...

EM assets are again being pulled in two directions.  EM equities are getting a boost from the PBOC rate cut over the weekend, while EM currencies are starting soft...

The US dollar has begun the new week on firm footing, but the tone is more consolidative than trending.  The dollar-bloc currencies, led by the New Zealand dollar, are...