Archive for July 28th, 2008

Currency Markets in the News

Weakening Sentiment in the Euro Area

July 28, 2008

Business and consumer confidence each tailed off further this past month.  July data will be released on Wednesday.  Overall economic sentiment in June fell to 94.9, lowest since August 2003, from 97.6 in May and 111.0 in July 2007.  Consumer confidence slid to -17 from -15 in May and -2 in July 2007, while industrial […] More

Currency Markets in the News

Awaiting More Weak Japanese Data

July 28, 2008

In an economy that expanded 4.0% at a seasonally adjusted annualized rate in the latest reported quarter and by 2.9% saar in the quarter before that, one ordinarily does not expect to hear warnings about a coming recession.  However, that’s exactly what’s happening in Japan.  Despite decent quarterly growth in 4Q07 and 1Q08, real GDP […] More

New Overnight Developments Abroad - Daily Update

New Developments Abroad: Slow Start to Final July Week

July 28, 2008

The dollar fell except against sterling, with drops of 0.3% against the Swissy, kiwi and Aussie dollar, 0.2% against the euro and 0.1% versus the yen and Canadian dollar.  The greenback gained 0.2% relative to sterling and 0.1% against the yuan. European and Asian stocks are mixed.  Nikkei up 0.1%.  Chinese CSI 300 up 0.7%, […] More

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