Foreign Exchange Insights and Next Week
Next Week
January 22, 2010
A very busy week lies ahead. In its center, the FOMC releases a new policy statement on Wednesday, and President Obama’s State of the Union address that evening will reveal new adjustments in his policy agenda. At least a dozen other central banks meet during the week in Japan, Brazil, South Africa, Hong Kong, India, […] More
Foreign Exchange Insights and Next Week
Dollar Outlook Hinges on Risk Preference
January 22, 2010
Twenty years after the self-destruction of communism, democracy faces a crisis of its own, unable to address a multitude of problems. This paralysis of government makes financial markets prone to episodes of risk aversion that favor the dollar and yen and hurt European and commodity-sensitive currencies. The perceived likelihood of a double-dip recession had seemed […] More
New Overnight Developments Abroad - Daily Update
Dollar Marginally Softer Despite Further Drop in Stocks
January 22, 2010
The dollar has lost 0.5% against the Australian dollar, 0.4% relative to the kiwi, 0.2% against the euro, yen and Canadian dollar and 0.1% against the Swiss franc. The greenback is unchanged against sterling. Stocks fell 2.6% in Japan, 2.5% in Taiwan, 2.2% in South Korea, 1.6% in Australia, 1.2% in China, 1.1% in Indonesia, […] More
