Archive for April 30th, 2010

Foreign Exchange Insights and Next Week

European Fiscal Problems Won’t Fade

April 30, 2010

Currency market trading next week will be dominated by the scramble to rescue Greece.  Outside aid for that heavily indebted economy has been misplayed repeatedly by just about everyone involved in negotiations, and the euro has paid a price for that indecision.  Investors cannot avoid comparing attempts to rescue Greece from sudden default to the […] More

Central Bank Watch

Bank of Japan Review

April 30, 2010

The Bank of Japan kept its uncollateralized overnight call rate target at 0.1%, the level since December 2008, and released a new Outlook for Economic Activity and Prices.  Projected real GDP growth in the current fiscal year (April 1 – March 31) was revised upward by a half percentage point to +1.8%, while the growth […] More

New Overnight Developments Abroad - Daily Update

Data Deluge on Last Day of Month and Week

April 30, 2010

The dollar eased mostly on month-end flows but also hopes that a Greek aid package will be fashioned soon.  The greenback lost 0.6% against the euro, Swissy and kiwi and 0.3% against the Canadian dollar.  It is unchanged against sterling, however, and up 0.5% versus the yen.  U.S. 1Q10 GDP data arrive later today. Asian […] More