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Monetary Policy in Focus, but Fiscal Policy may Prove More Formidable Monetary Policy in Focus, but Fiscal Policy may Prove More Formidable Reviewed by magonomics on October 30, 2009 Rating: 5
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USD Stabilizing Against the Mexican Peso

October 30, 2009
Earlier this week the US dollar rallied strongly against the Mexican peso, nearing MXN13.37 and was even near MXN13.36 yesterday before staging an outside down day (traded on both sides on Wed range and then the dollar finished below the Wed low). However, the pressure on the greenback appears to be abating just below the MXN13.00 level. That said…
USD Stabilizing Against the Mexican Peso USD Stabilizing Against the Mexican Peso Reviewed by magonomics on October 30, 2009 Rating: 5
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Canada August GDP Disappoints

October 30, 2009
Canada reported that August GDP contracted by 0.1%, whereas the consensus expected a 0.1% increase. Small change for sure, but the sign is wrong. And it likely prevents the Canadian dollar from recovering from the recent slide that has brought it to a 4 week low against the otherwise sagging US dollar. Although the US reported a 3.5% expansion in …
Canada August GDP Disappoints Canada August GDP Disappoints Reviewed by magonomics on October 30, 2009 Rating: 5
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Fox News: Will Dollar Remain World's Reserve Currency Fox News: Will Dollar Remain World's Reserve Currency Reviewed by magonomics on October 29, 2009 Rating: 5
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More Thoughts on Brazil

October 29, 2009
Brazil's 2% IOF tax comes as a wave of profit-taking weighs emerging markets in general. The MSCI EM index is off nearly 8% since Oct 20, while the Brazilian Bovespa entered "correction" territory yesterday with a cumulative decline of a little more than 11% in the same period. In the last 5 days, net-net the Brazil real has slipped …
More Thoughts on Brazil More Thoughts on Brazil Reviewed by magonomics on October 29, 2009 Rating: 5
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