A Bit Sick Of It All… The Dollar Will Remain The Reserve Currency. Period!
Currency Currents Key NewsEuropean consumer spending and exports contracted the most in at least 14 years in the first quarter (Bloomberg)German Chancellor Angela Merkel, in a rare public rebuke of central banks, suggested the European Central Bank and its counterparts in the U.S. and Britain have gone too far in fighting the financial crisis and […]
Dollar Fights Back… But Will it Win?
Dollar Fights Back… But Will it Win?
After a long weekend for UK and US, traders are back today, in a dollar bullish mode, after both EUR/USD and GBP/USD found a temporary top at 1.4060 and 1.5950 respectively. Markets are down since Asia session and the same happened after London opening, amid new worries that […]
Sterling Debt Fears will Return
Sterling Debt Fears will Return
The UK debt position will remain very important with the huge borrowing requirement still a very important medium-term risk factor for the currency. These risks have been magnified by speculation over a credit-rating downgrade and any move to actually cut the rating would be a very important negative factor for the […]