Foreign Exchange Insights and Next Week
Next Week
July 31, 2009
Central banks in Euroland, Britain, Australia, Indonesia, the Czech Republic, Romania, and Peru hold interest rate policy meetings in the first week of August. Canadian markets will be closed for Civic Day on Monday. Very few central bankers have scheduled speeches. A large contingent of British statistics get released including the manufacturing, services, and construction […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: July 31st
July 31, 2009
Foreign exchange trading has been dull so far this summer. In FX, the summer is generally defined as the period confined between the U.S. Memorial Day and Labor Day weekends. It often lasts fourteen weeks but comprises an extra week in 2009. Ten have passed; five remain. Each day seemingly has its own momentum. Market […] More
Larry's Blog
U.S. Real Economic Growth Since Truman — Updated
July 31, 2009
Today’s GDP report included extensive benchmark data revisions dating back the late 1940’s. In light of wide interest in a series of previous postings on this site that compared U.S. economic performances under different presidencies, I have recalculated percent per annum real GDP growth rates. Barrack Obama has considerable ground to recoup to avoid overseeing […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Dollar and Yen Softer Ahead of U.S. GDP Report
July 31, 2009
The dollar is up 0.2% against the yen but shows losses of 0.8% against the kiwi, 0.4% against sterling and the Aussie dollar, 0.3% against the euro and Canadian dollar, and 0.2% against the Swiss franc. It appears the Aussie and New Zealand dollars will be posting their largest monthly gains against the USD since […] More
