Day: June 29, 2020

USD is Offered in Quiet Start to the New Week

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Overview: The combination of rising virus cases and the sell-off in the US before the weekend dragged nearly all the Asia Pacific bourses lower. The Nikkei led the way with more than a 2% drop, but most bourses were off more than 1%. China and Taiwan were also greeted with selling as markets re-opened from …

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Cool Video: Forces Driving the Dollar and Downplaying Claims Sterling is an Emerging Market Currency

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From my remote location in Ocean Grove (next to Asbury Park of Bruce Springsteen fame), I joined Martin Soong and Sri Jegarajah for a brief interview as the Asia session was about to begin the new week. A three-minute clip of the interview can be found here. I suggest that there are two main drivers …

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Day: June 29, 2020

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