Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: September 12, 2008
September 12, 2008
The dollar correction moved into a new phase this past week. In prior weeks, the rally had closed with upward momentum, but action on September 12th saw the U.S. currency fade off its highs. The dollar ended the week of September 5th within 0.3% of its period highs against the euro and Swiss franc and […] More
Larry's Blog
A New Perspective on the Red State – Blue State Divide
September 12, 2008
The 2008 presidential election has been already called historic because an African-American is a major party candidate for the first time and in light of the high consideration given to one woman for the presidency and the nomination of another to be vice president. But the choice in November will be noteworthy too for underscoring […] More
Central Bank Watch
Central Bank Interest Rates: Still More Increases Than Declines
September 12, 2008
Although global growth has slowed with several economies in recession, the scorecard of central bank rate changes so far this month shows many more increases than declines, and no rate reductions are likely next week. Central bank rates have been raised by 75 basis points to 13.75% in Brazil, 50 basis points to 8.25% in […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Lehman Sale Considered Imminent
September 12, 2008
Rumors swirling that the Fed and Treasury are helping to shop Lehman Brothers by the weekend. Washington Mutual also getting watched. The dollar climbed 1.0% against the Australian dollar and 0.3% versus the yen but is otherwise lower, with drops of 0.9% against the euro, 0.8% against sterling, 0.6% against the kiwi and C-dollar, and […] More
