Currency Markets in the News
Euroland Economy Poor But Better
July 30, 2009
Real GDP in the euro area contracted at the horrific rates of 4.5% in 2008 including 6.9% at an annualized rate (saar) in the final quarter. The downturn intensified with a drop of 9.7% saar in the first quarter of this year. Second-quarter figures get released two weeks from tomorrow on August 13th. Three sets […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Sharp Rise in European Confidence
July 30, 2009
The dollar is lower, especially against the Australian dollar (1.1%) and sterling (0.8%) but also by 0.3% relative to the Canadian dollar, euro and Swissy and by 0.1% against the yen. An exception is the dollar’s 0.2% rise against the kiwi. The Reserve Bank of New Zealand kept a 2.5% cash rate and released a […] More
