Page 11 - Ruth Carson News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The week arguably offered some clarity on key facets of today's murky financial, economic and policy backdrops.

Thesis is one of secular change - extraordinary multi-decade Bubble period transitioning (in a highly destabilizing manner) to most uncertain New Cycle. Historical perspective is crucial.

(Bloomberg) -- The pound advanced to the strongest level in three years as traders bet the U.K.’s economic recovery will gain traction with the rollout of coronavirus vaccines.Sterling climbed above a previous high set in February, extending its gains this year to 4.2%. Three quarters of the U.K. population will be covered with a two-dose vaccine within a month based on the current pace of inoculations, according to data collected by Bloomberg and Johns Hopkins University.“The pound is favored because the progress of vaccination puts the U.K. closer to economic normalization than...

Speculative traders are ending the year doubling down on their bets against the dollar. Net short non-commercial positions in futures linked to the ICE US Dollar Index have surged to the most since March 2011, according to the latest Commodity Futures Trading Commission data. The gauge of the US currency has fallen over 6 per cent this year as investors turned against the greenback amid unprecedented monetary easing from the Federal Reserve and a move away from haven assets. Bloomberg “Hedge funds are spoilt for choice when looking for reasons to be short the dollar,” said Vishnu Varathan...