Several Central Bank Rate Cuts and Data Surprises Lift Dollar

June 11, 2015

The U.S. dollar leaped 2.8% against its New Zealand counterpart and also rose overnight by 0.9% against the yen, 0.6% relative to the euro, 0.4% versus the loonie, Aussie dollar and sterling, and 0.3% vis-a-vis the Swiss franc.  Chinese officials held the yuan steady. The Reserve Bank of New Zealand’s Official Cash Rate was sliced […] More

Some Guarded Optimism Regarding Greece

March 20, 2015

Talks yesterday between Greek leaders and that economy’s creditors were reportedly productive.  Greece is to present a list very soon of reforms that it will do.  Until then, the main loan will not go through, so Greece will need some kind of stop-gap support in the immediate time ahead.  At least the sides are talking, […] More