"“We expect the ECB to push against euro strength today. It is still early to talk about risks of a currency war, but I would expect more push against further dollar weakness."
Farmers in the country’s main wheat-growing regions sold only 49.3 million tons of their crop for commercial use and to state reserves as of Aug. 31, 20% less than in the same period last year.
"That would mean much less FX swap intermediation at J.P. Morgan going into year-end and a year-end turn much worse than what’s currently being priced by the market..."
All that is required is that central authorities step aside and allow businesses, which know better how to generate prosperity, to get on with the task of growing the economy...
Even as there are many story lines behind the 3-day, 7% sell-off in the S&P 500, we will focus today on just one: the 11% selloff in the large cap Technology sector.
Some economists have been scratching their heads recently about a puzzling question: Why China’s foreign reserves aren’t growing, given a large trade surplus and strong portfolio inflows.
Real Vision senior editor Ash Bennington is joined by managing editor Ed Harrison to discuss the market plumbing that’s fueling the wild price action on Wall…
