Foreign Exchange Insights and Next Week
Next Week
April 3, 2009
A great many markets in all regions will be closed at the end of next week for Good Friday. After Christmas, the Good Friday/Easter Monday sequence tends to see the quietest currency market conditions in the calendar year. Central bank interest rate policy meetings will be held in Australia, Great Britain, South Korea, Thailand, Peru, […] More
Currency Markets in the News
Weekly Foreign Exchange Insights: April 3rd
April 3, 2009
The past week saw risk aversion recede additionally in global financial markets. Stock markets and bond yields advanced. Gold retreated, and oil stayed above $50 on hopes that a world recovery would indeed emerge. The biggest currency beneficiaries from the blanket of risk aversion that descended last September had been the yen on the unwinding […] More
Currency Markets in the News
Rates of Ezone and U.S. Contraction More Similar in March Than February
April 3, 2009
U.S. Ezone U.S. Ezone Sum of Services Services Spread Mf’g Mf’g Spread Spreads Feb 2008 49.7 52.3 -2.6 48.8 52.3 -3.5 -6.1 March 49.9 51.6 -1.7 49.0 52.0 -3.0 -4.7 April 51.9 52.0 -0.1 48.6 50.7 -2.1 -2.2 May 51.2 50.6 +0.6 49.3 50.6 -1.3 -0.7 June 48.8 49.1 -0.3 49.5 […] More
Central Bank Watch
Bank Indonesia Cuts Key Rate By Another 25 Basis Points
April 3, 2009
Indonesia’s key central bank rate was reduced 25 basis points. Reductions in each of five consecutive months since December add up to 200 basis points in total. Today’s move was smaller than the previous three. Market expectations had been split between 25 basis points and 50 bps, with a slight majority favoring the smaller-sized increment. […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Awaiting Monthly U.S. Labor Force Survey
April 3, 2009
Investors marked time ahead of the 12:30 GMT release of U.S. labor market data for March, which could be a reality check for the post G-20 summit rally. The dollar recovered 0.4% against the yen, 0.3% versus the Australian dollar, 0.2% against the euro, and 0.1% against the Swissy and Canadian dollar, but the greenback […] More
