Archive for February 27th, 2009

Foreign Exchange Insights and Next Week

Next Week

February 27, 2009

The coming week will see the release of manufacturing and non-manufacturing purchasing manager indices in a variety of countries, several interest rate meetings, Japan’s quarterly Finance Ministry corporate suvey and the monthly U.S. labor report. Aside from factory PMI’s on Monday and service PMI’s on Wednesday, scheduled euro area releases include producer prices in Germany, […] More

Foreign Exchange Insights and Next Week

Weekly Foreign Exchange Insights: February 27th

February 27, 2009

Risk averse markets continue to push equities lower and the dollar higher.  Risk aversion is no longer supporting the yen, indicating that carry trades are at long last unwound. In January, the dollar had eased 0.8% against the Japanese currency but advanced at least 8.0% against the euro, Swiss franc, Ozzie dollar and New Zealand […] More

U.S. and Canadian Growth and PPI Inflation

February 27, 2009

U.S. fourth-quarter growth was revised to negative 6.2% at an annualized rate from minus 3.8% saar reported last month.  This revision brings the United States into closer alignment with growth last quarter in major economies of Western Europe, where Euroland posted a drop of 5.7% and British GDP fell by 6.0%.  Inventories accounted for almost […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Typical End-Month Barrage of Data

February 27, 2009

The dollar and yen recovered.  The greenback is down 1.0% against the yen but shows gains of 1.2% against the Australian dollar, 1.0% against the kiwi, 0.9% versus sterling, 0.7% against the Swiss franc, 0.5% against the euro and 0.4% relative to the Canadian dollar. Stocks mixed.  In Asia, the Nikkei rose 1.5%, and shares […] More

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