Foreign Exchange Insights and Next Week
Next Week
December 9, 2011
There are central bank monetary policy meetings next week in the United States, Norway, and Switzerland. Featured data releases are Japan’s quarterly business “Tankan” survey, the preliminary euro area PMI readings, British consumer prices, labor statistics and retail sales, and U.S. consumer and producer prices, retail sales and the current account. Many other economic releases […] More
Foreign Exchange Insights and Next Week
Reflecting on Currency Prospects after the EU Summit
December 9, 2011
The agreement reached by EU leaders in Brussels is neither as impressive as market participants had wished nor the kind of utter failure that would have broken the common currency within weeks. The plan hardly constitutes a bazookette, let alone the big bazooka that was promised last summer. It is not a recipe for short- […] More
New Overnight Developments Abroad - Daily Update
Euroland Accord Gets Mixed Reviews
December 9, 2011
EU leaders announced their fifth effort to stop the sovereign debt chain reaction. It features automatic mechanisms to rein in structural deficits that surpass 0.5% of GDP and to penalize total deficits in excess of 3.0% of GDP. The EFSF rescue fund would be activated next year rather than not before 2013 and is to […] More
