Archive for August 12th, 2011

Foreign Exchange Insights and Next Week

Next Week

August 12, 2011

An Icelandic interest rate policy meeting is scheduled next week in Iceland, and minutes from this month’s Australian and British policy meetings will be published.  Federal Reserve officials with public speaking engagements include Lockhart, Fisher, Dudley and Pianalto.  Many important data releases are on tap. The United States will be reporting the PPI, CPI and […] More

Foreign Exchange Insights and Next Week

What Can Markets Do for an Encore?

August 12, 2011

It’s fanciful to dream that uncertainty will disappear and restore the old normal.  Recent times have been distinguished from most times not so much by an abundance of uncertain areas but by the severity of reasonably possible outcomes.  European leaders are in the fight of their lives to preserve the European Monetary System and broader […] More

New Overnight Developments Abroad - Daily Update

Swiss Franc Retreats Further

August 12, 2011

In the face of a multi-pronged official attack on its strength, the Swissy continued to weaken overnight, touching 1.1050 per euro, 8.9% below Tuesday’s peak of 1.0071.  The short selling came in the face of negative Swiss interest rates and rumors that ECB and SNB officials aim to peg the CHF/EUR relationship near 1.15.  The […] More

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