Oil Talks Collapse and a Brazilian Vote to Impeach President Rousseff

April 18, 2016

Oil ministers from OPEC and Non-OPEC producers did not agree to freeze production at January levels.  Iran didn’t join the meeting, and Saudi Arabia refused to adopt any accord without Iranian participation.  Hopes for an agreement had previously lifted oil by more than 60% from a 12-year low of $26.05 on February 11 to over […] More

Euro Firmer Despite Some Poor German Data

October 6, 2014

The dollar is generally softer, with losses of 0.7% against the Australian currency, 0.4% versus the yen and loonie, 0.3% relative to the euro, 0.2% against the kiwi and Swiss franc and 0.1% vis-a-vis sterling.  European share prices have risen 1.0% in Spain, 0.8% in Germany, 0.5% in Switzerland, 0.4% in Italy, 0.3% in Britain […] More