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Fed move leaves yen as last safe haven standing

Fed move leaves yen as last safe haven standing

The Japanese yen soared 2% Monday after the Federal Reserve announced that it would cut interest rates and add $700 billion to its balance sheet by buying Treasuries and mortgage-backed securities. The dollar was down 0.66% Monday against the DXY Spot Index, a basket...
China strikes back

China strikes back

We suspend our usual programming to cover the developing financial market and likely economic reaction to China’s decision to let the yuan tumble in retaliation to President Donald Trump’s decision last week to place a 10% tariff on an additional $300...