Archive for June 19th, 2009

Foreign Exchange Insights and Next Week

Next Week

June 19, 2009

Central Banks will command a strong presence in the coming week, anchored by the Fed’s two-day FOMC meeting on Tuesday and Wednesday.  The late June meeting holds special significance because it hammers out the forecast that the Chairman will present at the July semi-annual testimony before Congress, also known as the Humphrey-Hawkins hearings.  In addition, […] More

Foreign Exchange Insights and Next Week

Foreign Exchange Insights: June 19, 2009

June 19, 2009

Currency markets this past week conformed to a familiar risk appetite motif in which the yen and dollar correlate inversely with global share prices as investor tolerance for risk waxes and wanes.  Equities had a poor week in Asia, Europe, and North America.  The dollar at this writing has fallen about a percent against the […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Stronger Commodity Currencies/Softer Yen

June 19, 2009

The dollar has lost 0.8% against the Australian dollar and 0.4% against the Canadian and New Zealand dollars.  The Australian dollar is closing the week again above 80 U.S. cents after bouncing off $0.785 earlier in the period.  The dollar is also off 0.6% versus sterling but up 0.5% relative to the yen as risk […] More

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