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Mexican Peso Dragged Lower by Rating Jitters

August 31, 2009
The short-term speculative market likes the Mexican peso. The net long speculative position at the IMM has risen sharply in recent weeks. The net long non-commercial position rose to 70.8k as of last Tuesday up more than 6-fold since late July. A number of investment houses have recommended long peso positions as a way to take advantage of the glo…
Mexican Peso Dragged Lower by Rating Jitters Mexican Peso Dragged Lower by Rating Jitters Reviewed by magonomics on August 31, 2009 Rating: 5
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Dollar Slips even as Stocks Tumble

August 31, 2009
The dollar is finding little succor from the falling equity prices. The yen remins firm in the wake of the election and amid speculation of repatriation ahead of the end of the fiscal half year at the end of Sept, especially given the tax incentives (via the Japaense equivalent of the US Homeland Investment Act). Trading conditions appear a bit li…
Dollar Slips even as Stocks Tumble Dollar Slips even as Stocks Tumble Reviewed by magonomics on August 31, 2009 Rating: 5
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The Interesting Case of the Swedish Krona

August 31, 2009
Sweden's central bank, the Riksbank, meets on Thursday. It is the same day as the ECB meeting and is likely to be overshadowed by it. Yet there is something important happening in Sweden that is worth looking closer at.
Riksbank Adopted Negative Deposit Rate in Early July Central banks in Europe place their key rate between a deposit rate, wha…
The Interesting Case of the Swedish Krona The Interesting Case of the Swedish Krona Reviewed by magonomics on August 31, 2009 Rating: 5
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Reports of the Dollar's Death Are Greatly Exaggerated

August 28, 2009
In recent days, a number of prominent people have warned of the downside risks facing the U.S. dollar.
Warren Buffet argued while aggressive U.S. monetary and fiscal policy response is necessary, Congress must bring spending back under control in a timely fashion or the ensuing inflation will undermine the value of the dollar.
Joseph Stiglitz, the f…
Reports of the Dollar's Death Are Greatly Exaggerated Reports of the Dollar's Death Are Greatly Exaggerated Reviewed by magonomics on August 28, 2009 Rating: 5
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Investment Flows: Where is the Money Going?

August 28, 2009
EPFR Global tracks flows into mutual funds. It reports that in the week through Wed Aug 26 investors put $168 mln into Asia x-Japan funds after the previous week recorded the largest outflow (~$810 mln). Data from the local stock exchanges suggest that foreign investors have been net sellers of Philippine shares this month. South Korea has been am…
Investment Flows: Where is the Money Going? Investment Flows: Where is the Money Going? Reviewed by magonomics on August 28, 2009 Rating: 5
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