Foreign Exchange Insights and Next Week
Next Week
July 16, 2010
On the central bank-watching beat, the coming week features Fed Chairman Bernanke’s Humphrey-Hawkins testimony, likely central bank rate hikes in Canada, and Brazil, other central bank policy meetings in India, South Africa, Hungary, and Colombia, released minutes from interest rate meetings this month in Australia and Britain, the Bank of Japan loan officer survey, and […] More
Foreign Exchange Insights and Next Week
A Lack of Confidence in Just about Everything
July 16, 2010
Investors have turned skittish. One sees this in wildly volatile stock prices – perhaps a sign of the summer season – but also in a sub-0.60% two-year Treasury yield and a 1.10% ten-year JGB yield. The resurgence of risk aversion ought to lend the dollar support, but the currency instead experienced a difficult week. That […] More
New Overnight Developments Abroad - Daily Update
Slump in Japanese Equities
July 16, 2010
A 2.9% plunge in the Nikkei, its worst session in nearly six weeks, led a difficult day for Pacific Rim equities. Weakness in stocks reflected yesterday’s poor indications of U.S. manufacturing and a disappointing earnings report from Google. Stocks fell by 0.8% in South Korea, 0.7% in the Philippines, and 0.5% in New Zealand, Australian, […] More
