With its longest rally in four years all but over, the dollar is falling out of favor with some of Europe’s bellwether funds. Amundi, the region’s biggest money manager, is betting the greenback is due for a correction as the Federal Reserve shifts toward more dovish policy. Aberdeen Standard Investments says the “tailwinds” that boosted the dollar, such as higher bond yields and s... read more

LONDON (Reuters) - The dollar bounced from a three-month low on Wednesday as traders dialed back expectations of aggressive interest rate cuts from the U.S. Federal Reserve after comments by policymakers. United States one dollar bills are seen on a light table at the Bureau of Engraving and Printing in Washington November 14, 2014. REUTERS/Gary Cameron/File Photo The euro gained again... read more

Gold prices resumed a push higher on Monday, as flows into the precious metal continued on improved prospects for easier monetary policy from the Federal Reserve and other central banks. August gold GCQ19, +0.81% GCQ19, +0.81% rose $12.60, or 0.9%, to $1,412.60 an ounce, nearing session highs of $1,414.80 an ounce. On Friday, gold settled above $1,400 an ounce for the first time since Sept.... read more

It's one thing for academics in Asia to rant against the tyranny of the dollar, or to make cheery forecasts about its impending eclipse by the Chinese yuan. But now that Facebook Inc. wants to spawn a new global currency – one that could meet the “daily financial needs of billions of people” and perhaps rival the greenback one day – central banks in Beijing, Jakarta, Manila or Mumbai wo... read more

China’s central bank has acknowledged its monetary tools are insufficient. The most powerful ones are proving too blunt to drill through a hardening financial system. The country’s money markets have been shuddering since regulators took over Baoshang Bank Co. last month, despite initial assurances from the central bank and other authorities that they would maintain ample liquidity. Wh... read more

(Reuters) – Returns on investing in commodities will be boosted as central banks ease monetary policy and governments take steps to offset the impact of global trade disputes, Goldman Sachs said. The investment bank said it was forecasting 3-month total commodity index returns of 10% for the S&P Goldman Sachs Index and 9% returns on a 12-month outlook. In March, it had forecast a 3-mon... read more

FRANKFURT (Reuters) - Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said on Monday. The overhaul, first reported by the Financial Times, will also include shrinking or shutting equity and rates trading businesses outside of Europe. The bad bank would house or se... read more

Economists debate whether Ludwig von Mises advocated free banking or 100 percent reserve banking. This debate is significant. Mises states, “the institution of credit expansion … may be called the most important economic problem of our age."1 Given this statement, he must have viewed the solution to the problem as an extremely serious matter. Free bankers insist that Mises’s solution was... read more

The tone was apocalyptic: “The U.S. federal budget is on an unsustainable path . . . . The scale of the nation’s projected budgetary imbalances is now so large that the risk of severe adverse consequences must be taken very seriously.” The growth in the American federal debt and deficit would soon produce a “fundamental shift in market expectations and a related loss of confidence both... read more

The European Central Bank is ready to cut interest rates and embark on a fresh round of bond purchases this autumn, a move that that ECB hopes will fend off fears of economic uncertainty and a global economic slowdown. The bank’s president, Mario Draghi, made clear that all measures available to the ECB will be used as the export-driven European economy is experiencing a severe slowdown du... read more