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  1. FT Alphaville

    January 17, 2014

    Why rate-hike talk is premature in the UK

    We know that living in a counterintuitive zero-rate world can lead to lay misunderstandings. For example, there’s the...

  2. FT Alphaville

    November 20, 2013

    Zhou seems a little flustered

    We were going to be slightly snarky in the face of Zhou Xiaochuan, head of the People’s Bank of China, promising to...

  1. November 1, 2013

    Germany feels US ire over war on currencies

    When Stephen King, chief economist of HSBC, checked each of his team’s local country forecasts this year he had a problem:...

  2. FT Alphaville

    March 15, 2013

    The (early) Lunch Wrap

    Good morning, New York… FT ALPHAVILLE A new era for gold? Bank of New York Mellon’s Neil Mellor comments on the changing...

  3. FT Alphaville

    March 15, 2013

    A new era for gold?

    Here follows a thoughtful commentary on the changes going on in gold market from BNY Mellon’s Neil Mellor, including the...

  4. FT Alphaville

    October 3, 2012

    Gresham's law takes Iran

    What’s happening in the Iranian currency markets at the moment is getting pretty fascinating. Via Reuters on Wednesday:...

  5. FT Alphaville

    September 17, 2012

    Currency wars redux

    QE3 has set the dogs of FX verbal intervention loose (well, looser anyway) and it seems probable some actual shots may be...

  6. FT Alphaville

    August 8, 2012

    Norges Bank's curious dilemma

    Most finance ministers would give their right arm to be in the same position as Sigbjørn Johnsen, their Norwegian...

  7. FT Alphaville

    August 2, 2012

    Let's hear from some of the less-vocal ECB-ers

    Yeah, yeah. We all know the views on bond-buying from the likes of Draghi, Weidmann and Nowotny. But what about other ECB...

  8. July 26, 2012

    Euro takes heart from Draghi comments

    The euro surged back through the $1.23 level after verbal intervention by European Central Bank president Mario Draghi...

  9. FT Alphaville

    June 27, 2012

    A slowing buildup of global reserves

    First a chart courtesy of Kit Juckes over at SocGen: It shows that while global currency reserves are still ticking up, the...

  10. April 11, 2012

    Sterling sits pretty in land of the ugly

    In the least ugly competition, sterling is looking pretty. Despite weak UK growth, the possibility of more quantitative...

  11. November 3, 2011

    Dollar looks even shakier than the euro

    For “risk-on, risk-off”, you could read “referendum-on, referendum-off“ on Thursday. Yet, for all the turmoil in the...

  12. September 21, 2011

    Monetary union: Fear of Greek default shakes euro’s stability

    The euro remains in the spotlight as the eurozone debt crisis threatens to derail the single currency, pushing some to...

  13. July 25, 2011

    Relief rally for risk assets comes to a halt

    Sovereign default fears soured investor sentiment on both sides of the Atlantic as Moody’s downgraded Greek debt and...

  14. June 24, 2011

    Overview: Growth and debt fears weigh heavily

    Markets endured another week of turbulence as the eurozone debt crisis rumbled on and concerns about the US economy were...

  15. June 21, 2011

    Equities buoyed as fears ease over Greece

    A more optimistic view of the Greek debt crisis, and a burst of bid and merger activity, combined to lift global equities,...

  16. May 27, 2011

    Overview: Risk assets ride out EU contagion fear

    A week dominated by fears of contagion from the eurozone debt crisis left risk assets largely undamaged as sentiment...

  17. February 27, 2011

    Economic Outlook: Central banks to the fore

    Significant updates from US and European central bankers on extraordinary support for markets will jostle with US jobs and...

  18. February 14, 2011

    Egypt relief and recovery hopes lift stocks

    The easing of tensions in Egypt following the resignation of the country’s president and fresh optimism about the global...

  19. February 8, 2011

    South Korea’s won gains ground on dollar

    The South Korean won hit its highest level against the dollar since the onset of the financial crisis amid increased...

  20. January 5, 2011

    Australian dollar faces mounting risks

    Investors should be cautious about viewing the Australian dollar’s weakening as a buying opportunity, says Neil Mellor,...

  21. December 30, 2010

    Weak dollar hints at action to curb yen

    The dollar lost ground against the yen for the ninth session in the past 10, raising speculation that Japan might be forced...

  22. December 29, 2010

    Weak dollar may prompt action on yen

    The dollar lost ground against the yen for the ninth session in the past 10, raising speculation that Japan might be forced...

  23. December 13, 2010

    Risk appetite rises as fears on China fade

    Risk assets began the week on the front foot. Equities climbed, copper hit a record high and traditional havens such as...

  24. November 14, 2010

    Economic Outlook: Debt concerns to dominate

    The turmoil in the European bond markets will mean the spotlight is turned on the continent’s policymaking meetings and data...

  25. October 26, 2010

    US should step in to support dollar

    The US may have to consider co-ordinated intervention to support the dollar if it wants to stand by the G20 accord, says...

  26. FT Alphaville

    October 26, 2010

    Go on, Treasury: buy dollars

    What’s the best way for the US to show commitment to avoiding currency belligerence after pledging its faith at the latest...

  27. October 3, 2010

    Economic Outlook: Investors await crucial data

    A bumper week of data releases and policymaker meetings is poised to provide significant signs of whether the past quarter’s...

  28. October 1, 2010

    Carmakers drive losses further

    Carmakers led European equities down to a fifth consecutive session of losses on Friday, completing a miserable week in...

  29. FT Alphaville

    August 23, 2010

    Bond switching in the eurozone

    The 10 year German/Irish bond-yield spread appeared on Monday to be racing back towards the levels last seen in May — before...

  30. August 12, 2010

    Euro falls as debt worries resurface

    The euro lost ground on Thursday as worries over European government debt resurfaced and weak eurozone industrial production...

  31. August 2, 2010

    Sterling surges to highest level in 10 months

    Sterling on Monday surged to its highest level in more than 10 months on a trade-weighted basis as robust earnings from...

  32. July 16, 2010

    European cheer trumps Bernanke uncertainty

    The mood in the markets turned increasingly bearish through this week as a series of worrying signals on the US economy...

  33. June 23, 2010

    Speculators hold key to renminbi riddle

    Fears that speculative inflows of "hot money" could destabilise the Chinese economy have long pre-occupied policymakers in...

  34. June 22, 2010

    Destabilisation fears back to haunt China

    Fears that speculative inflows of “hot money” could destabilise the Chinese economy have long preoccupied policymakers in...

  35. June 5, 2010

    Plotting a course through volatility

    After another turbulent week in financial markets, the risk barometers are flashing red again.The centre of the storms are...

  36. June 4, 2010

    Plotting a course through volatility

    After another turbulent week in financial markets, the risk barometers are flashing red again.The centre of the storms are...

  37. May 28, 2010

    View of the Day: Neil Mellor, BNY Mellon

    The recent improvement in US-Sino relations has been an important step towards an adjustment to the renminbi exchange rate -...

  38. May 27, 2010

    China’s dilemma on the renminbi exchange rate

    The recent improvement in US-Sino relations has been an important step towards an adjustment to the renminbi exchange rate –...

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