Foreign Exchange Insights and Next Week
Next Week
September 4, 2009
The coming week starts with tomorrow’s concluding session of G-20 finance ministers, sees Labor Day observances on Monday in both the United States and Canada, and ends with the eighth anniversary of the Al Qaeda attacks on America. Central bank meetings are scheduled in Britain, Korea, New Zealand, Peru, Chile and Canada, none of which […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: September 4th
September 4, 2009
Autumn for currency market participants covers the period from the Labor Day weekend to yearend, and it has traditionally been a challenging season for the dollar. In this calendar interval from 1976 through 1991, dollar/mark fell in 13 of 16 years and posted an average drop of 5.0% over all 16 years in spite of […] More
An Unexpected Rise in Canadian Jobs Last Month
September 4, 2009
The surprising 27.1K increase of Canadian employment last month is like a 212K jump in the larger U.S. labor market. Admittedly, Canada’s job gains were concentrated in part-time workers (up 30.6%), but the result is part of a stabilizing pattern since April. Jobs fell just 6.2K per month on average over the last five reported […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Last Day of Summer Trading Season
September 4, 2009
Markets are awaiting the release of Canadian labor statistics at 11:00 GMT and U.S. labor force survey at 12:30 GMT, each of which will show a further drop in jobs and likely higher unemployment rate. G20 finance ministers begin a two-day meeting in London. The U.S. Treasury market will shut early to start the long […] More
