Currency Markets in the News
Higher Expected Inflation Needn't Be Self-Fulfilling
June 29, 2009
Harvard Professor Marty Feldstein, mentor to a generation of economists including Ben Bernanke, has an Op-Ed article in today’s Financial Times entitled “The Fed must reassure markets on inflation” in which he postulates that very high projected Federal deficits over the coming ten years are boosting expected inflation and are a likely major factor behind […] More
Currency Markets in the News
Euro Area Sentiment Improving But Still Very Low
June 29, 2009
European Commission June readings for economic sentiment in Euroland recorded a third consecutive improvement, which is the good news. The bad news is that such have still not recovered to cyclical lows of 1992 and has reversed only about a third of the deterioration that occurred between September 2008 and March 2009. Moreover, as the […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Chinese Official Comments Reassure Dollar Holders
June 29, 2009
The dollar is slightly firmer, with gains of 0.6% against the Swiss franc, 0.3% versus the euro, 0.2% against the yen and Australian dollar, 0.1% and relative to the Canadian dollar. Sterling is unchanged, and the kiwi has risen 0.2% against the U.S. currency. China’s central bank chief and an official from the State Administration […] More
