Foreign Exchange Insights and Next Week
Next Week
February 6, 2009
Another week crammed with data releases and central banker speeches lies ahead (five different policymakers each from the Fed and ECB). Interest rate meetings are scheduled in Sweden, South Korea and Chile. The Bank of England releases a quarterly Inflation Report with new forecasts. South Africa’s annual budget will be presented. Japan will be releasing […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: February 6, 2009
February 6, 2009
The dollar retains a bid tone, trading more strongly than 90 yen, $1.3000 per euro, 1.15 Swiss francs, $0.70 per Ozzie dollar, $1.50 per pound, and $0.60 per kiwi. Since end-2008, the dollar has climbed more than 10% against the kiwi and rand and is up by 8.5% against the Swiss franc and almost 8% […] More
Canada Sheds 129 Thousand Jobs… Unemployment Jumped to 7.2%
February 6, 2009
The 129K loss of jobs in Canada last month is analogous to a drop of 1.021 million jobs in the much larger U.S. labor market. Manufacturing accounted for 78% of all job losses. Transportation and warehousing jobs contracted by nearly 30K, accounted for the second biggest drop. Healthcare and social services, in contrast, saw jobs […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Focus on North American Labor Reports
February 6, 2009
While markets await Canadian and U.S. monthly labor data at 12:00 GMT and 13:30 GMT, very poor and weaker-than-forecast industrial production figures have been released by Germany, Hungary, and Great Britain. Asian bourses posted strong gains on hopes regarding policy responses to the crisis. The Nikkei rose 1.6%. Stocks climbed 4.0% in China, 3.6% in […] More
