The Jackson Hole Symposium is to focus on “fostering a dynamic global economy” which would seem to be an appropriate topic almost every year. A decade ago, the Great Financial Crisis was emerging, and the world economy has come a long way. The early and aggressive action by US officials helped create the conditions by …
After consolidating in the Asian session and European morning, the euro has been bid higher in North America. It is testing a downtrend line, drawn off the year’s high set in early August near $1.1910, as depicted in this Great Graphic, composed on Bloomberg. It is met the 50% retracement objective near $1.1785 today. The …
The US dollar is mostly firmer against most of the major and emerging market currencies. The main impetus appears to be some position adjustment emanating from equities. The equity markets turned south in the second half of last week and are moving lower today. Foreign investors appeared to have sold around $100 bln of European …
Dollar Edges Higher, While Equities Trade Heavily to Start the New Week Read More »