Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: December 5th
December 5, 2008
One needs to look no further than today’s data releases to see that forecasts remain behind the curve of a rapidly deteriorating global economy. Just about every observation of demand, production, and sentiment has been worse than expected and substantially so in most cases. Investors are gloomy, and they are being continually surprised with reports […] More
Currency Markets in the News
U.S./Canadian Labor Figures and German Industrial Orders All Terrible
December 5, 2008
Canadian jobs tumbled 70.6K last month, their biggest drop in 317 months. A decrease of that amount is akin to a decline of 561K in the U.S. labor market. On-year employment growth fell below 1% to 0.8%. Job declines were divided fairly evenly between full-time and part-time workers (the latter reflecting the loss of election […] More
New Overnight Developments Abroad - Daily Update
New Developments Abroad: Sharply Lower European Stocks Lift Dollar
December 5, 2008
The weakness in European share prices has continued. Equities down 2.7% in France, 2.6% in Germany, 2.3% in Sweden, 1.9% in Italy, 1.4% in Switzerland and 1.1% in Britain. Asian stocks were mixed earlier in the day. The Nikkei edged down 0.1%. Stocks rose 2.6% in Hong Kong, 1.5% in China, and 0.9% in Singapore […] More
