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The dollar was mostly weaker against the major currencies last week. The Swiss franc and Japanese yen were joined by the seemingly unlikely candidate, the Swedish krona, to have gained about 1% against the US dollar last week to the lead the majors. The yen and franc's gains extended moves a...
"The idea of leaving Europe, leaving the euro has never been in the pipeline," the leader of Italy's League, Matteo Salvini, told reporters at a rally near Matera. More news on: Invesco CurrencyShares Euro Trust ETF, ProShares UltraShort Euro ETF, iShares MSCI Italy Capped ETF, News on E...
The world is currently watching the unfolding the trade war between the US and China, which deteriorated into a trade and currency war between the nations with the world's leading GDPs. Volatility has increased across all asset classes, and the potential for a prolonged period of risk-off has ...
Originally published on August 01, 2019 In this article, we look at the implications of the new Johnson government: its strategy, the likely outcome of EU negotiations, and the golden opportunities to reform trade, tax and monetary policies to secure a better future based on free trade. ...
Monetary authorities around the world are using an old playbook: lowering interest rates and the value of their currency in the hopes of stimulate growth in their region. Unfortunately, it won't work in today's VUCA (volatile, uncertain, complex, and ambigous) environment. Our blog last week...
By Francesco Pesole , Antoine Bouvet , Peter Vanden Houte The collapse of Italy's ruling coalition opens the way for three possible scenarios: new elections, an extension of the current coalition, or a new technocratic government. Timing will be crucial, given the proximity ...
Overview: The S&P 500 gapped higher yesterday and posted its largest gain in two months. Most of Asia Pacific but China and Hong Kong advanced. The three-day recovery in the MSCI Asia Pacific was insufficient to offset the losses at the start of the week, and the benchmark finished lower...
Overview: The challenges for investors have not gone away, but a combination of factors has helped stabilize the capital markets. The PBOC set the dollar's reference rate above CNY7.0, but not as high as anticipated, and this has seen the yuan strengthen modestly today. Meanwhile, the strong...
Last month, I made the argument that the euro may not necessarily have upside from here, in spite of previous arguments that the currency could be undervalued at this point relative to the dollar. We can see that the EUR/USD underwent a decline in the past month before rebounding to a leve...
Overview: While investors keep a watchful eye on the dollar fix in China (a little firmer than projected) and tensions with the US, two other developments compete for attention. The Reserve Bank of New Zealand and the central banks of India and Thailand surprised the market with lower rates....