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Emerging Markets: What has Changed

November 03, 2017
(from my colleague Dr. Win Thin)
Russia’s Finance Ministry announced plans to increase its dollar. purchases in NovemberBahrain has reportedly asked its Gulf allies for financial assistance.S&P upgraded Argentina a notch to B+ with stable outlook.Brazil raised BRL6.15 bln ($1.9 bln) by auctioning off the rights to explore 6 of the 8 deep-water…
Emerging Markets: What has Changed Emerging Markets: What has Changed Reviewed by Marc Chandler on November 03, 2017 Rating: 5
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Dollar Firms Ahead of What is Expected to Be Strong US Jobs Data

November 03, 2017
The US dollar is firm but is not going anywhere quickly.  The lack of fresh interest rate support and uncertainty over the US tax proposals, which the Brady, the Chair of the House Ways and Means Committee hopes to have a revised version out after the weekend so the committee work can begin on Monday.  
The popular press seems to focus on some obje…
Dollar Firms Ahead of What is Expected to Be Strong US Jobs Data Dollar Firms Ahead of What is Expected to Be Strong US Jobs Data Reviewed by Marc Chandler on November 03, 2017 Rating: 5
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Cool Video: Bloomberg TV on Powell--Heir Apparent

November 02, 2017
In London on business and had the opportunity to go to Bloomberg.  In this clip, Francine Lacqua discuss the likely nomination of Fed Governor Powell to succeed Yellen at the helm of the Federal Reserve.  
I make three points.  First, that, like others, I recognize a strong element of continuity between Bernanke, who was first appointed by a Republ…
Cool Video: Bloomberg TV on Powell--Heir Apparent Cool Video: Bloomberg TV on Powell--Heir Apparent Reviewed by Marc Chandler on November 02, 2017 Rating: 5
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Dollar Pulls Back in Asia

November 02, 2017
We suggested the market was at crossroads.  It is still not clear if the dollar's breakout, supported by higher yields is real or simply the fraying of ranges.

Asia has pushed the dollar  broadly lower.  While the greenback finished the North American session above JPY114.00 for the first time since July, the fact that the US 10-year yield coul…
Dollar Pulls Back in Asia Dollar Pulls Back in Asia Reviewed by Marc Chandler on November 02, 2017 Rating: 5
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Super 48 Hours

November 01, 2017
(early post ahead of start of a new business trip to Europe.  Posts will continue albeit irregularly)

This is it:  The next 48 hours will be among the busiest of the year.  The Bank of England meets tomorrow, and it not only gives a verdict on interest rates but also provides an update of its economic projections (Quarterly Inflation Report).  And…
Super 48 Hours Super 48 Hours Reviewed by Marc Chandler on November 01, 2017 Rating: 5
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