US LIBOR continues to rise. LIBOR may not be what it was before the Great Financial Crisis, or before the scandalous revelations. However, it remains an important benchmark. Three-month LIBOR rose from around 25 bp before last December’s Fed hike to a little more than 60 bp. It gravitated around there until edging a few …
I was invited to appear on CNBC Asia Rundown show with Pauline Chiou. We discuss the Chinese yuan on the anniversary of last summer’s unexpected devaluation. I suggest that most of the things that get observers excited, like the internationalization of the yuan, or the Hong Kong-Shanghai link or, perhaps by the end of the …
Cool Video: CNBC Asia–Mostly about the Redback and Greenback Read More »
The US dollar has found steadier footing today after trading heavily yesterday. There are two main themes. The first is sterling’s heavy tone. After closing the North American session 0.5% higher yesterday to snap a five-day losing streak, it has come under new pressure today. The ostensible trigger was the RICS house price balance, which …
Sterling Struggles to Find a Bid, While RBNZ Can’t Knock Kiwi Down Read More »