From the category archives:
The dollar’s collapse is gathering steam in early trading today. The broad-based Dollar Index is down 38 ticks to 76.95 as I write. It has taken out technical support dating back all the way to December. Certain individual currencies, like the Aussie dollar, are trading at the higest level against the buck in more than [...]
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To all you currency market watchers out there, how about that yen/dollar exchange rate? The yen is flying against the buck, moving up by as much as 3 yen or so to 91.81 (The chart above shows the yen futures). On a percentage basis, this is the biggest gain for the yen that I can [...]
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Lo and behold, it’s another free-fall in the dollar in the wake of the “Geithner Goes To China to Beg for Creditor Mercy” trip. DXY now down 81 bps to 78.34, the low of they day. Gold up $6 and change. Crude oil back to positive after trading down most of the day. And the [...]
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How sad is it that Treasury Secretary Timothy Geithner has to spend a few days grovelling before our Chinese creditors to try to stop the ongoing meltdown in the Treasury and currency markets? Am I the only one who thinks this is a truly sad state of affairs? Am I the only one who wishes [...]
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Remember that catchy 80s song “Talk, Talk“? That’s what I think of when I read stories like this. Treasury Secretary Tim Geithner keeps blathering about how he’s concerned about U.S. borrowing and how he will — somehow — figure out a way to bring down the deficit over time. But it’s all just that — [...]
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