This is a chart that I had to share - so that everyone can get a sense of how significant the latest discount window borrowing is.
The chart is from the Barry Ritholtz’s Big Picture blog, he cites Bill King as the source:
According to Barry:
Terrific chart via Bill King shows the extent of [...]

Posted in Fed Rate Cut, Fed Rate Cut Expectations No Comments »

The dead cat bounce in the US dollar that I was looking for this week did not last long. The combination of weaker US economic data and stronger Eurozone data has taken the Euro to a high of 1.5760. For those of you who had access to my economic data calls, I was [...]

Posted in Bernanke, ECB, FX Radio, Fed Rate Cut, Forex News, Forex Podcast, Trichet, US Dollar, euro No Comments »