Archive for January 20th, 2012

Foreign Exchange Insights and Next Week

Next Week

January 20, 2012

Central bank interest rate policy meetings are scheduled next week in the United States, Japan, India, New Zealand, Malaysia, Turkey, Hungary, and Thailand.  The FOMC announcement on Wednesday will be followed by a press conference with Chairman Bernanke.  Minutes of this month’s Bank of England meeting will be also published on Wednesday.  The Bank of […] More

Foreign Exchange Insights and Next Week

Euro’s Fate Next Week Hinging on PSI Deal

January 20, 2012

At this moment, reports leaking out of the PSI talks between Greece and its private sector creditors suggest that prospects have improved for a deal before the end of this weekend.  PSI is the acronym for "private sector involvement," which in turn euphemistically refers to a voluntary exchange of existing Greek debt for new instruments […] More

New Overnight Developments Abroad - Daily Update

Hopeful Week Ending on Cautious Note

January 20, 2012

A dip in risk appetite can be seen in rise of dollar and lower commodities and European equities.  The German Dax and Paris Cac have fallen 0.5% and 0.6% from multi-month highs.  The dollar has advanced 0.4% against the euro and Swiss franc and is up 0.2% against the Australian and Canadian dollars as well […] More

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