There may be 33 million people in Canada. All of them, and perhaps most of the world’s citizens, may have cheered its gold medal victory over the Americans in the 2010 Winter Olympics. Yet... read more »
It is commonly believed that March tends to be a positive month for the Japanese Yen because of the fiscal year end in Japan. Tax incentives and the desire to window dress their balance sheets... read more »
The Bank of Canada backed off their pledge to leave interest rates unchanged until June, sending the Canadian dollar sharply higher. In our preview to the rate announcement, we said stronger... read more »
The U.S. dollar is trading higher against every major currency except for the Aussie, because the market expects an interest rate hike from Australia this evening. It will be an exceptionally busy... read more »
As the world changes, so do the correlations between different currencies and different instruments. It is a quiet morning in the forex markets with no U.S. or European data on the calendar. The... read more »
Currency markets completed a volatile day after Ben Bernanke indicated that discount rates could rise faster than expected. The Fed chairman's comments immediately pushed the dollar higher. However,... read more »
The U.S. dollar is trading higher this morning against all currencies except for the Yen despite talk of Germany coming to the rescue of Greece. U.S. trade numbers were weaker than expected with the... read more »
Sorry I haven't written much recently. The recent snowstorms have tossed me around, as I care for my family, and those around me. It is amusing in a backwards way, to see Washington, DC frozen at... read more »
Inventories accounted for close to 60 percent of the rise in GDP indicating that growth was primarily fueled by inventory build-up ahead of the school year and the holiday shopping season. Stronger... read more »
For the fourth consecutive trading day, the Canadian dollar weakened against the greenback. The Bank of Canada's reservations about the outlook for the Canadian economy, the consequences of a strong... read more »
