Speculation that G20 officials came to a tacit deal in Shanghai last month to end the “currency wars” that have boosted the US dollar fits a few of the facts, but overall makes no sense. Neither the...

FOMC participants’ revisions to their projections for the federal funds rate have boosted Treasuries. But there are three key reasons why we think the rally will be more than reversed in due course.

The March FOMC meeting is likely to conclude tomorrow with US interest rates left on hold but clear signals that hikes will resume soon. However, the timing will remain dependent both on future US...

Since 20th January, the US dollar has depreciated against the vast majority of the currencies in the Federal Reserve’s broad dollar index. As a result, its value on that measure has fallen by more...