The US Dollar came under pressure today during the New York session, mainly against the Euro and Yen.  The fall in the Dollar occurred simultaneously with a selloff in equities and a blowout in high yield credit spreads. While the move has been small so far, many market participants have been waiting for the Buck […]

A wrench was thrown into Mario Draghi’s plan to boost inflation and bolster the Eurozone’s economic recovery today as only 82.6bnEUR was taken up in the first of eight offerings in the so called “TLTRO” plan. The funds are restricted to only be used to lend to small and medium sized businesses, so the demand […]