Larry's Blog
Next Week
November 28, 2008
Central banks in New Zealand, Australia, Britain and Euroland hold interest-rate policy meetings next week. All of them will implement a cut of at least 50 basis points, and probably probably will slash by as much 100 bps. Conceivably, each will make a move of as much as 75 bps, although the consensus surrounding the […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: November 28th
November 28, 2008
The defining moments for currency markets during 2008 have not come from released data, other than the cumulative realization that the U.S. recession is not an isolated event. Euroland, Japan, Britain, Sweden, probably Canada and New Zealand, and possibly Australia will experience recessions, too. So will a number of developing economies in all major regions. […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Many Japanese and European Data Releases
November 28, 2008
Currency movements reflect a little less risk tolerance. The yen firmed 0.2% against the dollar, which otherwise posted gains of 0.5% against the euro and Swiss franc, 0.4% relative to the Canadian dollar, 0.3% against sterling, 0.2% against the kiwi and 0.1% against the Australian dollar. In Asia, the Nikkei advanced 1.7%. Stocks also rose […] More
