Insights

 

FX Daily
November 26, 2013 Posted by
Global markets have been mixed this morning with European stocks down for the first time in three days while U.S. stocks are up modestly. The Euro is stronger against most other currencies and the Yen broke a three day losing streak, trading modestly stronger today after the BOJ minutes were released though some board members saw downside risks in the economy.
Read More
0 Comments | Join the Discussion

FX Daily
November 08, 2013 Posted by
The markets have been volatile today.  U.S. payrolls grew by much more than expected in October, rising by 212,000 vs. expectations of a rise of 125,000.  In addition, prior months were also revised higher by 60,000. 

 

Read More
0 Comments | Join the Discussion

FX Daily
November 07, 2013 Posted by
Nobel laureate Paul Krugman wrote a paper to be presented at the International Monetary Fund conference today. In his paper, Krugman argues that the U.S. and U.K. are immune from the type of debt crisis that plagued five Eurozone countries because they borrow in their own currency and aren’t part of a monetary union.

 

Read More
0 Comments | Join the Discussion

FX Daily
November 06, 2013 Posted by
Two separate Fed staff research papers were posted on the IMF’s website in advance of the conference that starts tomorrow in Washington. These papers indicate that maintaining a loose policy in a time of low inflation expectations is effective for driving down unemployment and economic slack.
Read More
0 Comments | Join the Discussion

FX Daily
November 05, 2013 Posted by
The South African Reserve Bank plans to start diversifying its foreign currency reserves by adding Korean Won, Australian dollars, and New Zealand dollars. The Bank stated that it “is acutely aware of the risks facing the global environment emanating from asset tapering, and with this in mind, made a strategic decision to diversify its currency exposure to help insulate reserves from the potential rise in U.S. Treasury yields.”
Read More
0 Comments | Join the Discussion

FX Daily
November 04, 2013 Posted by
The USD is weaker against most majors this morning, driven in part by stronger data overseas. The Euro came off of six-week lows against the USD after the Eurozone PMI release showed manufacturing in the region expanded for the fourth straight month.
Read More
0 Comments | Join the Discussion

FX Daily
October 11, 2013 Posted by
Economists have voiced concerns that hitting the debt ceiling, even if funds were put aside to pay debt holders, would do harm to the U.S. economy.
Read More
0 Comments | Join the Discussion

FX Daily
October 09, 2013 Posted by
The U.S. Treasury has the ability to avoid a debt default if Congress fails to raise the debt ceiling, by directing tax proceeds to meet principal and interest payments on debt; Janet Yellen's Fed nomination is expected.
Read More
0 Comments | Join the Discussion