Kuroda Greases the Tracks for Negative Deposit Rates

by Chuck Butler
Daily Pfennig

Good Day… And a Marvelous Monday to you! Whew! What a Whirlwind Weekend (sort of an alliteration to start the day and week for you poetry buffs!) Had a grand time on Bull Shoals Lake with good friends Kevin and Lisa, and then attended a wedding on Norfolk Lake (Good luck Andy and Katie)… And then last night, the family got together to celebrate darling daughter Dawn’s (there’s another one! Boy I’m on the ball this morning!) Birthday… The overnight markets are not being kind to the currencies this morning, so we had better get to the meat and see what’s happening.

On Friday, Chris told you that Fed member Dudley had saved the dollar once again, the previous day with comments about how he still believed that September was in the cards for a rate hike, after the Fed’s Meeting Minutes reflected a different point of view.

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