Foreign Exchange Insights and Next Week
Next Week
August 27, 2010
The last week of the summer currency market season begins with a British bank holiday on Monday and ends Friday with an early closure of the U.S. Treasury market for the Labor Day holiday. Since the Memorial Day start of this period, the dollar has declined 6.3% against the yen and 3.6% versus the euro. […] More
Foreign Exchange Insights and Next Week
Summer Ending, so What’s Next in Forex?
August 27, 2010
Currency markets have mostly been marking time in late August. Since my previous Insights essay written two weeks ago, the U.S. currency experienced scant net changes of +0.7% and +0.4% against sterling and the euro, while edging down 0.2% against the kiwi and 0.1% versus the Australian dollar. The Chinese yuan is unchanged on balance […] More
New Overnight Developments Abroad - Daily Update
Markets Focused on Jackson Hole
August 27, 2010
Currencies are marking time ahead of Fed Chairman’s 10:00 EDT address at the Jackson Hole Symposium. The dollar is unchanged against the euro and up 0.1% relative to sterling, the Canadian dollar and the Swiss franc. The yen settled back 0.4% but remains pricey at 84.7 per dollar. The greenback slid 0.3% against the kiwi […] More
