The U.S. dollar experienced a period of extremely low volatility last week, let us just blame it on tax season.
Markets are adjusting this week to the clues the European Central Bank (ECB) gave last week about how it will handle deflation.
The European Central Bank (ECB) met this week to consider solutions to this emerging problem. Economic activity has slowed to the point where inflation for March came in at 0.5% and is clearly on a downward trend.
The last few weeks have reminded me of geopolitical tensions reminiscent of the Cold War. There is a sense that there are two potential combatants - the West, and the core of the former Soviet Union - Russia.
China recently announced that it will double the permissible band within which the Chinese yuan (CNY) can fluctuate from the daily fixing rate.
At some point in the near future, markets will expect action over words, but for now, ECB President Draghi continues to talk dovish about monetary poliy.
It has been a wild ride for some equity investors over the last few weeks.The high-flying growth stocks that powered much of 2013 are enduring sharp losses.
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