Marcus Ashworth

How much is too much of a good thing? The euro has strengthened 5% versus the dollar this year — a fair reflection of the European Union’s better handling of the coronavirus, not least its historic decision to create a pandemic rescue fund that will involve fiscal transfers from the wealthy north…

There’s a new kid in debt town, with the closest thing so far to a true “euro bond” about to be sold in prodigious size to pay for the European Union’s new 750 billion-euro ($869 billion) pandemic fund. It will represent a challenge to Europe’s undisputed credit-market champion: the German bund. …

The pound has set a new post-Brexit referendum low against the euro and is tantalizingly close to doing the same against the dollar. This slide says more about the increasing likelihood of a no-deal departure than the state of the UK economy. Figures released on Friday showed gross domestic…

It didn’t take long for the Donald Trump tweet. That you can get more than 7 Chinese yuan to the dollar for the first time since 2008 was always going to be a red rag to the White House bull in the escalating economic battle between Washington and China. The president tweeted on Monday morning –…

Turkey’s central bank is again trying to shore up the lira. Its latest effort is unlikely to ease the pain for the worst-performing currency in emerging markets this quarter. On Thursday, the monetary authority attempted to raise interest rates by the backdoor, suspending its one-week repo…

Where the US leads, the world will follow. That has been the case in the bond market for the past month as American yields have climbed steadily. But Europe is unlikely to follow the leader much further if U.S. Treasuries move up to a higher yield range; there’s simply not enough high-quality…