New Overnight Developments Abroad: Many PMI Readings and Japanese Tankan Survey Released

July 1, 2009

Currencies reflect less risk aversion.  Dollar rose 0.6% against the yen but is otherwise down 0.6% against the C-dollar, 0.4% against the euro, 0.3% against the Swissy, and 0.1% against the Aussie dollar.  The dollar also rose 0.4% against the kiwi but is unchanged against sterling. Stocks are mixed.  There have been gains of 2.3% [...]

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