The Emerging Money EM FX Basket (EMFXB) is a GDP weighted index comprised of the eight most volatile primary currencies in EM.
Euro closing in on highs for the year and it can breakout further. How…if the Fed is about to tighten is this happening??
As we begin day 15 of the U.S. government shutdown headlines are suggesting congress could be nearing a deal to kick the can down the road early next year.
Today – Monday was thought to be a rough day in the markets as Congress plays game of high stake poker with the U.S. economy.
The U.S. dollar remains mixed as we head into the final session of the week. Now that Syria is has been back burner investors are squarely focused on the U.S. budget negotiations and the Federal Reserve’s stimulus program.
The U.S. dollar is clawing slowly higher against the Japanese yen but the move looks to be limited and volatility is likely to remain strong ahead of the congress debit ceiling and budget debates.
The U.S. dollar continues to remain under pressure since the Federal Reserve decided not to begin unwind its $85 billion monthly asset buying program.
The U.S. dollar went on a wild ride Sunday evening on the headlines from Sunday afternoon that Larry Summers has taken his name out of the running for Fed Chairman.