Although its reserves are meager ($4.5 billion), it is part of the steady stream of such news. |
Any disappointment with the Philadelphia Fed Survey could lead to renewed dollar selling. A weak number would confirm the earlier survey and suggest a downside bias in the next ISM manufacturing report. |
Brazil is caught in a combination of its own policy mistakes and powerful market forces. |
Companies are not helpless in fluctuating currencies. But if you listen to these U.S. companies, you only hear about it when the currency situation hurts them, never when it helps them. I'll listen to these excuses when they acknowledge that this stuff cuts both ways. |
Coordinated intervention, including Japan intervening on the euro against the yen for the first time, would be the best thing that could happen for the euro. |
Demeaning is in the eye of the beholder. |
Factory orders don't really move the foreign exchange markets. But the underlying signal is that the U.S. economy is growing robustly, looking to 4.5 percent growth in the first quarter. |
I see no officials saying a war is less likely. I don't think the protesters in Western Europe and the U.S. are enough to change policy makers' minds. |
I'd say hedging has nothing to do with what we've seen in the trade data. |
I'm confident that no member of the public saw our commercial or logo or telephone number and thought we were actually pit bulls or thought we were actually going to maim somebody or attack somebody. |
If this is an escalation ladder, we're still on the very early rungs. |
It does appear that they used the trip to provide cover for delaying a full vote on their bill which would impose a 27.5% tax on all imports from China if it did not allow the yuan to appreciate significantly with six months of passage of the bill. |
It took me by surprise. |
It's like they're talking past each other. |
It's unreasonable to expect currency movements to affect trade balances when you have all these other disequilibria like wages. |