Archive for July 15th, 2011

Foreign Exchange Insights and Next Week

Next Week

July 15, 2011

Central Bank interest rate policy meetings are scheduled next week in Canada, Turkey and South Africa.  The Bank of England and Reserve Bank of Australia will publish minutes from their respective meetings earlier this month, and the quarterly Bank of Canada Monetary Policy Report arrives.  Japan will be closed Monday for Marine Day.  Not many […] More

Foreign Exchange Insights and Next Week

Preoccupation with Fiscal Problems

July 15, 2011

Risk aversion remains pervasive.  It would take an unexpected development of huge importance to pull the currency market’s attention away from the deficit/debt problems of the United States and Europe, yet neither of these situations is likely to be discernibly more resolved than now when next week ends on July 22nd.  The U.S. debt ceiling […] More

New Overnight Developments Abroad - Daily Update

Waiting for More Shoes to Drop

July 15, 2011

European bank stress tests will be released around 16:00 GMT today.  This second round of tests were more rigorous than the first and are expected to flag a number of banks as failing to meet standards. Standard and Poo’rs joined Moody’s in placing U.S. sovereign debt under review for a possible downgrade. Obama will be […] More

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