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Officials have been trying to come up with some way to avoid the weekend referendum in Iceland but it looks likely those efforts have been in vain.  Polls show that nearly three-quarters of the Iceland voters will reject the deal that parliament had approved that would pay the UK and the Netherlands 3.9 bln euros [...]

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The following is a post by Marc Chandler, global head of Brown Brother Harriman’s top ranked Currency Strategy Team. For more of BBH’s currency views, please visit the BBH FX website here.
Highlights

The US dollar was largely weaker vs. the majors as optimism picked up regarding Greece (see below).  EUR/USD traded at its highest level since [...]

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The following is a post by Marc Chandler, global head of Brown Brother Harriman’s top ranked Currency Strategy Team. For more of BBH’s currency views, please visit the BBH FX website here.
Highlights
The US dollar was largely weaker vs. the majors, as early gains were wiped out during the North American session.  EUR/USD made a marginal [...]

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Marc Faber talks with Bloomberg about the outlook for US shares, saying he believes the market could correct 20% if the S&P reaches a new high (above 1150). That’s the definition of a cyclical bear market, by the way.
Faber also discusses the outlook for the euro and the dollar. The video runs just under five [...]

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A lot of media outlets have noticed that, despite George Soros’ protestations about the rise in gold prices being excessive, Soros Fund Management have invested a lot more money in gold after he made his apparently gold-bearish calls.  What gives? 
Apparently, Soros is a market-timing momentum investor because his comments in the Australian demonstrate that [...]

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The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here.
The Financial Times carried a story in the weekend edition quoting a couple analysts suggesting that the 10-year bond differentials are helping drive the euro lower.  In our analysis, we [...]

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Uber-technician Louise Yamada is now warning that the secular bear market in equities is likely to be joined by one in bonds as well.  In the video below, she talks with Bloomberg’s Pimm Fox about her view that bond yields are going to rise over time.
I find her analysis that secular cycles in the bond [...]

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The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here.
Pessimism pervades discussions of Europe today.  Optimists are not to be found.  Many warn that the entire economic and monetary union project is likely to falter over the large deficit [...]

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The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here.
Canada reported a somewhat disappointing Q4 09 current account data today, but this is not sufficient to change our preference to buy Canadian dollars on weakness.
The current account shortfall [...]

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The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here.
On our site please find our Weekly EMView, a one page table of driving forces and capital market trends for the EM currencies in the week ahead.
EM FX remains vulnerable [...]