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
