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FX Forecast Update: The Euro Downtrend Has Come to An End

FX Forecast Update: The Euro Downtrend Has Come to An End

Sep 17, 2012

When we published FX Trends in August 2012, we argued that EUR/USD should see a strong move higher on the back of global policy easing (penciling in 1.27 in 3M) but also that it was too early to dismiss the underlying euro-downtrend that had been running for more than...

Dollars & Sense: Central Bankers Ride to the Rescue Again

Dollars & Sense: Central Bankers Ride to the Rescue Again

Sep 10, 2012

Once again central banks are being pressed into playing the hero, riding to the rescue of advanced economies in distress. While markets continue to cheer them on, taking "risk" assets periodically higher, we are left worrying about how long it is going to be before the respective damsels can...