Archive for June 12th, 2009

Foreign Exchange Insights and Next Week

Next Week

June 12, 2009

Scheduled data and planned central bank meetings do not shape up to be market-moving in the week ahead. Analysts expect a trio of Latin American central bank rate cuts next week from Mexico, Chile and Colombia.  A rate cut in Turkey is also likely.  In Japan, Norway and Switzerland, however, central bank meetings are not […] More

Foreign Exchange Insights and Next Week

Weekly Foreign Exchange Insights: June 12th

June 12, 2009

All things considered, the dollar is proving resilient.  A test of the currency’s downside had been anticipated as investors transition away from extreme risk taking.  It hasn’t happened this month, even though confidence in a recovery has mounted.  Two weeks into June, the dollar is some 1.5-3% stronger against its three hard-currency rivals, the euro, […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Chinese Data Solid, Ezone Industrial Output Weak

June 12, 2009

The dollar is ending the week on an up-note especially against commodity-sensitive currencies like the Canadian dollar (1.7%) and Australian dollar (1.2%). The greenback has also risen 0.9% against sterling, 0.7% relative to the yen, and 0.6% each against the euro and Swissy. Sovereign bond yields are lower in North America, Europe, and Japan after […] More

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