Day: October 4, 2018

Great Graphic: The Dollar’s Role

This Great Graphic comes from Peter Coy and team’s article in Business Week.   It succinctly shows three metrics for the internationalization of domestic currencies: global payments, international bonds, and foreign exchange reserves.  It does not strike me as surprising, and the role of the euro as a payments currency reflects its role in intra-European trade.   …

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Dollar Consolidates Gains while Yields Continue to Rise

Overview: The US dollar is consolidating yesterday’s gains against most of the major currencies, though the dollar bloc is underperforming.  Bond yields are moving higher, and equities are lower.  With a light data and events stream, the price action itself is the news.   US yields: The main force is the rise in US yields.  At the …

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