Currency Markets in the News
A Last Fling for Japan
May 16, 2008
Many recent Japanese economic indicators point to scant, if any growth in the second quater, and activity in 3Q08 may not be much better. Consumer confidence slid to 35.2 in April from 36.8 on average in 1Q and 40.2 in 4Q07. The Economy Watcher’s diffusion index is also in the mid-30’s, connoting weakness in mid- […] More
Coping With China
May 16, 2008
The U.S. rivalry with China is still in its early days. Once senses that this relationship will one day far usurp the present obsession of foreign policy with the Middle East and Russia. Like the U.S., China is a huge energy importer, but China’s U.S. asset holdings are tops. Chinese international reserves soared by $616 […] More
Foreign Exchange Insights and Next Week
Foreign Exchange Insights
May 16, 2008
The dollar is wrapping up the the second full week of May on a soft note but shows mixed changes for the week as a whole. The balance of weekly dollar gains and losses suggests a further lessening of risk aversion. The greenback as of 14:50 GMT had posted gains against carry trade funding currencies […] More
New Overnight Developments Abroad - Daily Update
New Developments Abroad
May 16, 2008
The U.S. dollar is lower except against the C-dollar, with drops of 0.5% against the A-dollar, 0.4% against the kiwi, 0.3% against the Swissy, 0.2% against the euro and 0.1% against the pound. The Nikkei lost 0.2%. China’s CSI 300 index fell 0.3%. But the Dax (+1.3%) and Ftse (+0.6%) are trading higher. Ten-year JGB […] More
