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
