Archive for May 6th, 2011

Foreign Exchange Insights and Next Week

Next Week

May 6, 2011

Central bank interest rate meetings will be held next week in Indonesia, South Korea, South Africa and Poland.  The Bank of England releases its quarterly Inflation Report on Wednesday.  Minutes from the Bank of Japan Policy Board’s meeting of April 6-7 will be released Monday, and the ECB monthly Bulletin is due on Thursday.  Euroland’s […] More

Foreign Exchange Insights and Next Week

Can’t Get There from Here

May 6, 2011

This has been a very volatile and ultimately strong week for the beleaguered dollar.  Compared to the period’s lows, the dollar at 14:20 GMT on Friday had advanced by 3.0% against the euro, 2.4% relative to the kiwi, Australian dollar and Swiss franc, 1.9% against sterling, 1.6% versus the Canadian dollar and 1.2% against the […] More

New Overnight Developments Abroad - Daily Update

In Limbo Between the ECB Decision and the U.S. Jobs Data

May 6, 2011

The ECB’s apparent decision to delay a second interest rate hike until at least July sent the euro down as much as 2.6% intra-day against the dollar on Thursday.  As investors await the other main event of the week, the U.S. Department of Labor April Jobs report, the dollar is unchanged from its close yesterday […] More

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