The Turkish lira rose 3.3 against the euro in April due to the latters weakness. However, a monthly close near 14.82 for USDTRY would be another alltime high, as the lira has little to counter the strengthening dollar. The remarkable stability of the lira after the wild swings of the past year works in favour […]

Rates as of 0500 GMT Market Recap The commodity currencies remain under pressure as markets grow increasingly riskaverse. US stocks fell sharply Friday, with the SP 500 down 3.6 and the beleaguered NASDAQ off 4.2. The NASDAQ is down 21 so far this year, its worstever start to a year. US stocks were hit Friday […]

Commodities are at increasing risk this year of a wild ride akin to 2008, a development that may shine on gold.