Archive for May 28th, 2010

Foreign Exchange Insights and Next Week

European Currencies Carrying a Downward Bias into Summer

May 28, 2010

The dollar recorded gains of more than 10% against the euro, sterling and Swiss franc from the start of 2010 to this Memorial Day weekend.  The main development of the period was a loss of confidence in the short-term and long-term prospects of the euro area.  This happened in spite of evidence that an economic […] More

New Overnight Developments Abroad - Daily Update

Last Weekend of May

May 28, 2010

Yesterday’s better market tone is holding.  The U.S. and British markets will be closed Monday for Memorial Day and a Banking Holiday. The euro strengthened 0.4% against the dollar.  The U.S. currency otherwise has dipped 0.2% against the Canadian dollar and Swiss franc, risen 0.2% against the kiwi and by 0.1% against the yen, and […] More