Marc Chandler

Concerns that a new mutation of the COVID virus has shaken the capital markets. Equities are off hard, and bonds have rallied. In the foreign exchange market, the Japanese yen and Swiss franc have...

The dramatic collapse of the Turkish lira was like an accident one could not help look at, but it was not an accident, but the result of a disregard for the exchange rate and compromised institutions....

The markets are unsettled. Bond yields jumped, tech stocks were leading an equity slump, and yesterday's crude oil bounce reversed. Gold, which peaked last week near $1877, was dumped to around...

The US dollar has come back bid from the weekend against most currencies following the talk by a couple of Fed governors about the possibility of accelerating the tapering at next month's FOMC...

Strong US consumption and production figures kept the greenback well supported last week on the heels of the jump in CPI to 6.2%. Meanwhile, the surge of COVID cases in Europe underscores the...

The flash November PMIs would be the main focus in the week ahead if it were more normal times. But these are not normal times, and growth prospects are not the key driver of the investment climate....

Concerns about the virus surge in Europe cut short the euro's bounce and sent it back below $1.1300 and are also weighing on central European currencies, including the Hungarian forint, despite...

The US dollar's sharp upside momentum stalled yesterday near JPY115 and after the euro met (and surpassed) a key retracement level slightly below $1.1300. Led by the Antipodean currencies today, the...

The prospects that the 6.2% CPI will prompt the Fed to move quicker continue to underpin the dollar. The euro fell to about $1.1265, its lowest level since last September, and the Japanese yen slumped...

The much-heralded Biden-Xi meeting left little impression on the capital markets. Equities in the region were mixed, and China's main markets fell, alongside Australia, South Korea, and India....