Yellen’s talk after the North American markets closed was revealing even though she added little to market’s body of knowledge about the prospects for a June hike or the issues surrounding the balance sheet. That said she did nothing to dissuade the market from leaning toward a June hike, which through the Fed funds futures strip, …
Last week’s meeting between the US and China’s Presidents did not produce much fireworks or headlines. The missile strike on Syria and the North Korean missile launch tended to overshadow the first meeting between the leaders of the two largest economies. We understood that both Japan and China have similar strategies for dealing with a …
Trade Notes: China and Prospects for a New Executive Order Read More »
The US dollar is narrowly mixed after a brief attempt in Asia to extend its pre-weekend gains fizzled, and a consolidative tone has emerged. The news stream is light and largely limited to the current Japanese account and the Sentix survey from Europe. Geopolitical anxiety is still running high, and the South Korean won and …