euro debt crisis

Considerable Quantity of New Data to Absorb

December 15, 2011

At the quarterly monetary policy review, the Swiss National Bank did not adopt a weaker franc/euro ceiling rate but instead retained the 1.2000 level, which has been policy since September 6.  The franc as a result is today’s strongest currency, rising 1.0% against the dollar.  SNB officials also retained a zero-0.25% target range for three-month […] More

A Sense of No Hope for the Euro

November 25, 2011

Investors are betting that European and U.S. politicians have no more tricks up their sleeve. Fitch downgraded Portuguese debt, and Moody’s did the same for Hungarian debt.  ECB officials aren’t budging on their insistence that fiscal policymakers, not they, must solve the euro crisis.  Portuguese street protests against budget cuts persist.  The euro lost another […] More

Europe Burning… and Draghi No Help

November 18, 2011

Although the dollar has given back some gains, stock markets in Asia and Europe tell the story of a euro debt crisis that’s still raging and threatening to drag the rest of the world down with it. The dollar fell overnight by 0.7% against the Swissie, 0.5% versus sterling, 0.4% relative to the euro, 0.3% […] More

Conflicting Headlines Out of Europe Have Dollar and Stocks Both Weaker

October 20, 2011

Usually, but not so far today, the dollar and equities have moved inversely.  Headlines covering euro debt crisis talks have been all over the map. German Chancellor Merkel and French President Sarkozy still cannot agree on how to lever the EFSF bailout fund upward to more than EUR 1 billion. Sarkozy left talks abruptly without […] More