Foreign Exchange Insights and Next Week
State of the Dollar
May 27, 2011
These should be good times for the dollar. Risk aversion has made a partial comeback as analysts have revised global growth prospects lower. Japan is in recession, and the European Monetary Union faces an extremely uncertain future and perhaps death in its current form. U.S. GDP is likely to expand roughly twice as rapidly during […] More
New Overnight Developments Abroad - Daily Update
Dollar Closing Week on Back Foot as G8 Leaders Meet in France
May 27, 2011
The dollar fell overnight by 1.2% against the Swiss franc, 0.9% versus the euro, 0.7% against the kiwi, 0.5% relative to the Aussie dollar, 0.2% against both the yen and sterling and 0.1% versus the Canadian dollar. Annual summer summits of the leaders of the major advanced economies used to be a huge event but […] More
