Deeper Analysis
Currency Performance and Economic Growth: The Relationship is Not What You’d Think
May 10, 2011
Strong economic growth is often cited as a condition that will deliver currency strength. At last month’s press conference, for example, that contention was part of Fed Chairman Bernanke’s answer given to a question about what the central bank is doing to secure a strong and stable dollar. By promoting its dual mandate of jobs […] More
New Overnight Developments Abroad - Daily Update
Focus Continues on Greece
May 10, 2011
Dollar movements overnight were moderately positive. The greenback advanced 0.6% against the Swiss franc, 0.4% relative to the kiwi and sterling, 0.3% versus the yen, 0.2% vis-a-vis the euro and 0.1% against the Australian dollar but fell by 0.2% against the Canadian dollar. The yuan is unchanged. Stocks have benefited from hopes that Greek debt […] More
