On Monday the Syriza-led national government ordered local governments to move cash reserves to the national central bank. The measure gives the Greek government about 2 billion euros in new cash
A day with no news can be a meaningful indicator of the underlying trend in an asset and I think that’s what we’re seeing today with the dollar. I think we’re seeing the end of the euro bounce
The European Central Bank’s 1.1 trillion euro program of asset purchases, which began in March, hasn’t so far ended the EuroZone’s deflation worries
The strategy being pursued by the EuroZone toward Greece seems to combine continued pressure on the Greek government and its finances with moves that support the Greek banking system
For the day, at least, strong economic news from the United States has sent the euro into retreat against the U.S. dollar.
At his press conference today with Germany’s Angela Merkel, Greece’s Alexis Tsipras said Greece is about to run out of cash and that Germany owes Greece reparations for Nazi atrocities
So much for the euro rally. After climbing yesterday on a Federal Reserve statement pointing toward a September rather than June initial interest rate hike, the euro is back down today—hard
Weaker oil prices and a stronger dollar are driving U.S. stocks lower today. A pessimistic monthly report from the International Energy Agency has contributed to the fall in oil
Greece. EuroZone deflation. A slowing economy in China. An uncertain calendar at the Federal Reserve. In February the U.S. market was willing to look past all these and other issues. In March they’ve moved to the top of mind again
