Currency

The Fed’s Quandary

Times must be tough over at Constitution Avenue.  Fed Chair Yellen is walking a fine line, balancing hawkish statements from the likes of Vice Chair Fischer with dovish remarks from governors such as Evans and Dudley.  The market is convinced the Fed moves rates […]

May 4th, 2015

Brazil, Austerity and the Brazilian Real

Over the past several months, the Brazilian real (“BRL”) has depreciated substantially. This depreciation has occurred alongside extreme volatility. The US Dollar – BRL exchange rate (“USDBRL”) currently sits about 16% above where it was at the beginning of the year, but about 6.5% […]

April 23rd, 2015