global currencies

"In substantive terms, there is little to be gained from high-profile pressure on China to accelerate the pace of RMB appreciation, since the United States possesses no leverage which can be plausibly brought to bear. U.S. policy should therefore de-emphasize the exchange rate, and instead...

EUR/USD The Euro was unable to move above 1.36 against the dollar during Friday and came under sustained pressure as underlying sentiment remained weak. There was further evidence of quarter-end demand for the US currency which provided solid underlying support while underlying Euro confidence...

In a time where banks are raising their fees and charging consumers for using their debit cards, going bankless and using other means of payment has caught on. About 1 in 5 people are reported to have gone bankless and have resorted to gift cards as a means of payment and consumption. People are...

EU's Barroso: Greece is and will remain a member of the euro zone.  European Commission is considering a wider guarantee mechanism to help Greek banks lend again EU Commission: The Troika of EU/ECB and IMF has decided to return to Greece. To arrive Thursday.  Eurogroup will hold an additional...

Japan is going to continue to make threats but I still don't see intervention. Based on the recent comments and today's talk about helping out in Europe I  think the priority right now is to work on a long-term solution. The causes of yen strength have been cited as uncertainty in Europe and...

It's an exciting day to be in the currency markets.   With the European financial crisis still looming over the euro, global central banks from Japan, US , UK and Europe announced a coordinated effort to provide European banks with much needed liquidity.   This has pushed equities higher in both...

The euro continues to slide against the US dollar, with most of the other majors gaining against the greenback in the New York morning. Most of the major currencies action has countered equity losses in the overnight as the world continues to fear a Greek default.   But, that isn't the only...

Back in July I wrote an article discussing the fact that the Euro had failed so far to come under pressure during this wave of the European debt crisis.  In fact it was still in a technical uptrend since bottoming in 2010 after the first wave of the Euro crisis.  Last week the picture for the...

To understand why the euro is failing and the Swiss Franc peg is a sand castle that will dissolve in a rising tide, we must start with a historical context and the crisis of global Capitalism. The recent 40th anniversary of President Nixon withdrawing the U.S. from the gold standard triggered an...