The low this morning has been around 1.3925 in the EUR/USD but buying interest seems to be strong at this level and the market has immediately popped back towards it’s opening level around 1.3955. The rally in the USD on … Continue reading
Barack Obama might finally have met his match. Irwin Stelzer in the Sunday Times.
Upwards of $50 bln may begin to be repaid beginning next week.
As Cleveland Fed President Sandra Pianalto said yesterday, the consumer will not lead the US rebound. More evidence of that is seen in the latest consumer credit figures as outstanding loans were pared by $15.7 bln in April after a … Continue reading
It is unclear whether they are looking for more money or are shifting spending from the “out years” into this year. Given that the economy looks like it is recovering organically (with a big assist from the Fed), the stimulus … Continue reading
The payroll “whisper” of -475k seems to me a bit too close to Goldmans own estimate of -475k for my liking, but it certainly has the market set up in expectation of a figure in that vicinity. Meanwhile Buba President … Continue reading
That is according to an as yet unnamed BOJ official across the Reuters newswires. They go on to say that retaining money market function with positive interest rates is very important. Nothing startling here but when we add in comments … Continue reading
The news is a bit scary when you sit back and realise how much $1 trillion is, which is the likely deficit for the first eight months of the fiscal year (said the US Congressional Budget Office across Reuters newswires). … Continue reading
Another British minister resigns, renewing calls for Brown resignation and/or early general election Rio Tinto shares are in a trading halt on NZ markets after their deal with Chinalco fell through China and Malaysia may end trade in USD Ex-chief … Continue reading
Jobless claims dip, close to expectations of 620. Continuing claims broke their streak of record highs, a sign of hope. Productivity improved 1.6% in Q1, while unit labor costs advanced 3.0%