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Because Treasuries are Safe Haven, Dollar is Not

February 24, 2011
The US dollar has been unable to find much traction in recent days despite the heightened tensions in the Middle East and North Africa. The price action has raised questions about the dollar's role as a safe haven.
What does seem to be a safe haven are US Treasuries. Despite greater confidence that the US economy has gained momentum, the US yi…
Because Treasuries are Safe Haven, Dollar is Not Because Treasuries are Safe Haven, Dollar is Not Reviewed by Marc Chandler on February 24, 2011 Rating: 5
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Bread and Circuses: Reform Saudi Style

February 23, 2011
The time tested way to dampen popular unrest is to provide food and entertainment to the masses. The problem of course is that sometimes the funds are lacking. In Kuwait and Saudi Arabia, for example, this is not the case and the government's have been "generous" in providing relief. Given the impact on oil prices of what appears to…
Bread and Circuses: Reform Saudi Style Bread and Circuses: Reform Saudi Style Reviewed by Marc Chandler on February 23, 2011 Rating: 5
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The Weight on the Dollar

February 23, 2011
The week's two main themes, political unrest in Northern Africa and the Middle East and rate hike speculation have joined forces and is serving to undermine the greenback. The surge in oil prices appears to be shifting the finely balanced outlook for interest rates in favor of tightening, while the Federal Reserve remains committed to easing o…
The Weight on the Dollar The Weight on the Dollar Reviewed by Marc Chandler on February 23, 2011 Rating: 5
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Hamburgers vs Frankfurters: German Politics and the Euro

February 22, 2011
Hamburg, the second largest city in Germany, gave the Social Democrats a stunning victory in the weekend election. It won an outright majority. It is the party's best showing in any state election since 1998. Merkel's CDU drew a little less than 22% of the vote, nearly halved from the 2008 contest.
Local issues, like the failed education r…
Hamburgers vs Frankfurters: German Politics and the Euro Hamburgers vs Frankfurters: German Politics and the Euro Reviewed by Marc Chandler on February 22, 2011 Rating: 5
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Politics Drives FX , Safe Havens Sought

February 22, 2011
The events in the Middle East and Northern Africa are the main spur of market action. The position adjusting pressures that had sent the euro nearly two cents from the high seen earlier yesterday ran into hawkish comments from ECB's Mersch that spurred the short-covering bounce in mid-morning turnover in Europe. Mersch hinted that the ECB may …
Politics Drives FX , Safe Havens Sought Politics Drives FX , Safe Havens Sought Reviewed by Marc Chandler on February 22, 2011 Rating: 5
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