Today’s drop has wiped out all of yesterday’s recovery that put an end to a streak of three down days. The speed of the reversal has unsettled the markets. And so has the absence of a clear catalyst for the drop
A strong dollar has been driving markets to look for alternatives as dollar-portfolio positions grow. China’s yuan has been a big beneficiary but that means the People’s Bank has to pick between growth and more credit expansion
Think of it as a reminder that the Federal Reserve isn’t going to rush to start raising interest rates in 2015. Today the Labor Department reported that the U.S. economy had added just 142,000 jobs in August
In the long run the EuroZone’s central bank has a problem: It’s not clear that even any of the radical and controversial (inside the bank anyway) measures the bank seems to be contemplating would actually do anything
A weekend of bad economic news has put pressure on central banks in the EuroZone, China, and Japan to do something to stimulate economic growth just as U.S. economic growth looks stronger
The U.S. dollar fell and the euro climbed for the first time in four days as named—German finance minister Wolfgang Schaeuble—and unnamed sources—said that the currency markets have overreacted to comments by Mario Draghi.
Disappointing new home sales weren’t enough to stem momentum in U.S. stocks or to offset enthusiasm at signs the European Central Bank is moving toward a new round of stimulus. The early move was supported by more mergers and acquisitions news
The world’s central bankers are getting their portfolios in order to prepare for the end of the Federal Reserve’s bond purchases later this year. A May survey of 69 central bank reserve managers by Central Banking Publications and HSBC suggests that many have started to move away from longer-dated U.S. Treasuries and from the U.S. dollar
