The Trump Administration has switched gears. During the campaign through the inauguration, Trump picked on Mexico. The rhetoric and threats drove the peso to record lows. By the OECD’s calculation the peso more than 150% undervalued. The re-opening of NAFTA negotiations was supposed to be aimed more at Mexico than Canada. Sentiment turned about the …
Americans do not like to talk about class. Many like to think that there are no classes in the US and that sufficient hard work and one’s socio-economic status can be raised. These days, discussions of the disparity of wealth and income are acceptable ways to talk about class. There are various studies that suggest …
The US dollar is again at the fulcrum of the foreign exchange market. The dollar-bloc currencies are under pressure, along with the Japanese yen, while the European complex is posting modest gains. The euro is consolidating in the half cent below $1.09. Yesterday’s marked up in early Asia saw the euro complete the 61.8% retracement …
Euro Consolidates Gains, Bond Market Sell-Off Continues Read More »