Currency
Currency Articles
Jon OggState Street Corp. (NYSE: STT) and Bank of New York Mellon Corp. (NYSE: BK) will begin charging depositors to hold Danish kroner and Swiss francs. The two custody banks will charge money...
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Iran’s currency, the rial, has been hit with hyper-inflation over the last years, rising from about 10,000 rials to the U.S. dollar to more than 35,000 as of last week. The inflation rate has led...
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Iran’s currency is becoming worth about as much as toilet paper. The leaders’ defiance in Iran is exacerbating the pressure that the international sanctions are causing. To show just how bad this...
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The Chinese yuan rose to its highest level against the dollar since the modern currency began trading in 1994. At its high point today, one U.S. dollar could buy 6.2838 yuan. A year ago a dollar...
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The possibilities of a broad set of bailout programs for Europe’s weak nations rests in part with the top Germany court — the Constitutional Court. On Wednesday it will announce whether the...
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Jon OggThe Euro is not just back above $1.25 in mid-day trading after the European stock markets have closed for the day… It is approaching $1.26 and the implied market chatter (which we call hope)...
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Mario Draghi is out with his post-ECB report trying to explain the “no rate cut” action this morning — the European Central Bank left rates on hold. We signaled that Draghi may be...
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The European Central Bank either knows something that the rest of us do not know, or they are in a total state of denial. If you can imagine all of the negative news that has been coming out of...
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Jon OggThe US dollar continues to flex its muscles today, following the release yesterday of the minutes of the FOMC’s June meeting. The minutes revealed little enthusiasm for another round of...
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Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) has been on CNBC this morning and he has an interesting observation about the future of the Euro. When asked about whether the Euro would...
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European leaders are taking the aid directly to the banks to stave off any added crisis. The futures in the U.S. are soaring and the markets in Europe are up big. This will sound a bit like the...
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The financial world has been waiting for the decision from the United States Supreme Court on Obamacare and the reaction depends upon which sector and asset class you are following. We have seen a...
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The European Central Bank looks to be getting closer and closer to finally admitting that it cannot stick its head in the sand and make silly comments about worrying over inflation and looking for...
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With commodities on the retreat and with preliminary inflation running very low, you can imagine that the gold and silver markets are trading softer again. Gold is down 1.3% at $1581.50 per ounce,...
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NASDAQ OMX (NASDAQ: NDAQ) has now announced that it intends to launch a new London-based trading venue called the NLX, which will offer derivatives on both short-term interest rates and long-term...
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