Stocks and Dollars

The greenback has remained confined within recent established range as expected in our previous update and as long as indicated resistance at 1.0390/00 holds, near term downside risk remains for the fall from 1.0678 to extend weakness to 1.0230/35, however, as broad outlook is still consolidative, reckon 1.0190/00 would limit

The greenback has remained confined within recent established range as expected in our previous update and as long as indicated resistance at 1.0390/00 holds, near term downside risk remains for the fall from 1.0678 to extend weakness to 1.0230/35, however, as broad outlook is still consolidative, reckon 1.0190/00 would limit

The dollar slipped against the yen in morning trading Friday after U.S. gross domestic product data showed scant signs of inflationary pressure, putting downward pressure on U.S. yields. GDP in the U.S. grew by 2.4% in the second quarter, slightly below the 2.5% expected by economists. Month-end trading contributed to

The dollar slipped against the yen in morning trading Friday after U.S. gross domestic product data showed scant signs of inflationary pressure, putting downward pressure on U.S. yields. GDP in the U.S. grew by 2.4% in the second quarter, slightly below the 2.5% expected by economists. Month-end trading contributed to

Yields slumped after investors reacted with despair to a downturn in U.S. second quarter GDP. The response might not have been so bad had St. Louis Fed chief Bullard not pulled out a paper discussing a contingency plan in the event deflation became a threat. The timing of Mr. Bullard’s

Yields slumped after investors reacted with despair to a downturn in U.S. second quarter GDP. The response might not have been so bad had St. Louis Fed chief Bullard not pulled out a paper discussing a contingency plan in the event deflation became a threat. The timing of Mr. Bullard’s

Today’s GDP data is another piece of data that underwhelmed, and adds to the string of releases casting a long shadow over the US recovery. It’s a good snapshot of where the economy is right now as it showed that consumer spending is adding less to growth, while business spending

Today’s GDP data is another piece of data that underwhelmed, and adds to the string of releases casting a long shadow over the US recovery. It’s a good snapshot of where the economy is right now as it showed that consumer spending is adding less to growth, while business spending