Reuters - The euro sank to four-year lows on Monday as stocks and commodities fell after disappointing U.S. jobs data and angst about euro zone debt problems fed fears the world economy may falter in its recovery.
LONDON — The clear signal from the U.S. Federal Reserve that it will soon stop pumping money into the global economy and data pointing to Chinese growth slowing sparked sharp falls in bonds, shares and commodities on Thursday.
Emerging markets, many of which have been primed by the cheap Fed cash, saw some of the biggest selling as investors rushed to the exits.
LONDON, June 9 (Reuters) - World shares were within touching distance of an all-time high on Monday, spurred on by the potent combination of record low global interest rates and the improving health of major economies.
Calafia Beach Pundit submits:
The title of this post is a bit tongue-in-cheek, but it's clear that the only time in recent years that the dollar has managed to rise above historical lows has been thanks to widespread concerns that the global
Canada’s dollar declined to a two- week low versus its U.S. counterpart as concern increased that the world’s 11th-largest economy is slowing.
The currency weakened versus the majority of its most-traded peers after data on Feb. 8 showed employment unexpectedly fell, the nation had its ninth straight monthly trade deficit and housing starts sank to the lowest since 2009. The loonie also fell as commodities and global stocks sank amid ebbing risk appetite.
Gary Townsend submits:This morning: After fair value adjustment, equity futures are lower this morning, after a disappointing November employment report. Notwithstanding the past two day’s advances, markets remain in correction.
I've been discussing possible explanations for the recent tendency of the dollar prices of commodities to move together. On Friday we received a very useful data point for distinguishing between the different hypotheses.