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
