INTERNATIONAL. The first few days of April have seen a sharp dollar rally and decline in gold. This is rooted in deflated expectations of a third round of Quantitative Easing. Once again, the markets are responding to the headlines while losing sight of the fundamentals.
INTERNATIONAL. President Putin's recent moves in the Middle East-to shore up Bashar al-Assad's regime, and the agreement with Iran, Iraq, and Syria on intelligence and security cooperation-could contribute to Russian efforts to combat the myriad negative pressures on its vital energy industry.