Archive for December 7th, 2009

Deeper Analysis

No Dollar Bubble

December 7, 2009

If the dollar closed 2009 at its present levels, it will have dropped in six of the past eight calendar years against both the euro and yen, and 2005 would remain the only year since 2001 in which the U.S. currency rose against both the Japanese and euro area currencies.  The dollar is 39.9% weaker […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Awaiting Comments of Bernanke and Trichet

December 7, 2009

The second week of December got off to a quiet week from a data standpoint, and the weekend served up no major developments.  Bernanke and Dudley of the Fed speak today.  So does Trichet of the ECB. The dollar’s post-jobs data revival was extended by 0.9% against the kiwi, 0.8% against the Australian dollar, 0.6% […] More