Markets

The Euro Is On A Tear

Equity markets are fairly quiet today, but currency markets are showing life. As we mentioned earlier, the Turkish Lira is getting obliterated. Meanwhile, the euro is on a tear, rising to its highest level against the dollar since late 2011.
The Euro Is On A Tear
Markets

Euro Dives After ECB Governor Says They May Do QE

European Central bank governor Peter Praet told the Wall Street Journal that all options were on the table at the ECB for further monetary easing, and the euro just took a dive. The WSJ’s Brian Blackstone has the story: “If our mandate is at risk we are going to take […]
Euro Dives After ECB Governor Says They May Do QE
Markets

Morgan Stanley: Here’s Why The Euro Has Been So Strong

The surging Euro — which is at levels not seen since late 2011 — is one of the biggest stories in global financial markets. Analysing the factors driving the Euro has become something of an obsession. Morgan Stanley FX strategist Hans Redeker offered his explanation of why the Euro’s been […]
Morgan Stanley: Here’s Why The Euro Has Been So Strong
Markets

The Euro Is Taking A Hit

Earlier, Europe released new stats on unemployment that were weaker than expected and inflation that were lower than expected. This double dose of deflationary signals hit the euro. Here’s a look at the euro falling against the dollar via FinViz.
The Euro Is Taking A Hit
Markets

The Euro Is Surging

Comments made by European Central Bank governing council member Ewald Nowotny and reported by MNI have sent the euro on a tear this morning. According to MNI, Nowotny said that while he doesn’t welcome the recent appreciation in the euro, policymakers “have to live with” it, as ECB does not […]
The Euro Is Surging
Markets

CHART OF THE DAY: The Euro Has Been Acting Weird

The currency markets can be very complicated, and there are many theories explaining how and why they move. One of the more basic theories is interest rate parity, which argues that fluctuations between two currencies can be explained by interest rate differentials. The idea is that if one country offers […]
CHART OF THE DAY: The Euro Has Been Acting Weird
Markets

A 10-Word Guide To How Screwed Up Things Are

“Farce reigns and risk aversion rises. Yen up, euro down.” That’s from SocGen strategist Kit Juckes and it just about sums it up. The farce of course is what’s going on (again) in the U.S. Congress, and the situation in Italy, where Berlusconi (again) is threatening to screw everything up. […]
A 10-Word Guide To How Screwed Up Things Are
Markets

MORGAN STANLEY: Here’s Why Syria Could Be Bullish For The Euro

The world is watching Syria closelyas tensions rise in the wake of what appeared to be chemical weapons attacks. Meanwhile in Europe, Germany is in campaign mode with parliamentary elections coming in September. Everyone expects Chancellor Angela Merkel to see a big victory. Morgan Stanley’s Hans Redeker argues that the […]
MORGAN STANLEY: Here’s Why Syria Could Be Bullish For The Euro
Markets

Every Country In Europe Should Be Glad It’s Not Greece

No country in the euro zone was safe from the global financial crisis and the ongoing euro crisis. But some countries have fared better than others. Andrew Sheets, Morgan Stanley’s top European credit strategist, included the chart below in a presentation he gave on Wednesday. It shows the GDP levels […]
Every Country In Europe Should Be Glad It’s Not Greece
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