The US dollar remained under pressure in Asia following the disappointment that the FOMC did not signal a more aggressive stance, even though its delivered the nearly universally expected 25 bp rate hike. News that the populist-nationalist Freedom Party did worse than expected in the Dutch elections also helped underpin the euro, which rose to …
Greenback Consolidates Losses as Yields Stabilize Read More »
The US dollar is paring yesterday’s gains as the market awaits the outcome of the well-telegraphed FOMC meeting. In recent weeks, the combination of data and official comments have swayed market, which had previously anticipated a hike in May or June. A hike today is as nearly a foregone conclusion as these things can get. …
The conventional narrative is that a wave of populism-nationalism is a sweep in the US and Europe. This is not as obviously true as many seem to think. The most likely scenario is that in the three European elections this year, that the populist-nationalists do not succeed in being part of, let alone leading governing …
There were significant moves in interest rates and currencies last month. The drama was primarily spurred by the solidification of expectations of a Fed hike in the middle of this month and the stimulus promised by President-elect Trump. After years of falling budget deficits, the prospect for fiscal stimulus by the new President may have …