Central Banks in the United States, Norway, Hungary and Czech Republic hold interest rate policy meetings next week, and those in Australia and Britain will be releasing minutes from meetings held earlier this month.  Fed Chairman Bernanke will hold his second press conference on Wednesday, and EU finance ministers will be meeting yet again on [...]

When the dollar rises, demand has increasingly been driven by the fear of a euro break-up or some other development responsible for generalized risk aversion rather than improved confidence in the dollar itself.  The persistent correlation between dollar appreciation and increases in global risk aversion has moreover weakened lately.  In the period around the collapse [...]