• US yields, dollar higher

    We are seeing a notable rise in US bond yields and a firming of the dollar across the board, as the market prices in a greater chance of an increase in US interest rates before the end of this year and the US administration puts tax cuts back on the agenda The dollar has strengthened against the yen, […]

  • Euro on back foot

    The euro has fallen into the bottom half of the $1.05 to $1.15 range against the dollar it has occupied for the past 18 months or so. It weakened by more than a cent to sub $1.09 last week after the ECB indicated that it may extend QE beyond the provisionally planned end date of […]

  • Sharp fall in US equity markets

    Oil prices again failed to sustain a move higher yesterday with Brent falling back to c.$30 per barrel (from an intra-day high of around $32) Equity markets also again reversed course as oil prices fell back. European stocks ended well off the day’s best levels, while the main US indices sold off sharply to end […]