Deeper Analysis
U.S. and Canadian Trade Figures in 2011
February 10, 2012
U.S. exports of goods and services leaped 33.6% between 2009 and 2011. Last year’s census-basis merchandise trade deficit widened $91.4 billion, or 14.4%. Growth in the bilateral deficit with the euro area accounted for 25.0% of the overall deficit’s incremental growth last year, marginally more than the 24.5% share of additional deterioration attributable to trade […] More
Foreign Exchange Insights and Next Week
Next Week
February 10, 2012
Next week features the first released fourth-quarter GDP estimates for Japan, Euroland, and many of the nations in the euro area. The Bank of Japan and Swedish Riksbank hold interest rate policy meetings. The Bank of England will be releasing its quarterly Inflation Report, and the FOMC and Bank of Japan publish minutes from recent […] More
Foreign Exchange Insights and Next Week
In Search of Currency Direction
February 10, 2012
2012 is no longer a newborn. The first eighth of the year will be completed by the middle of next week, yet investors are still groping for a sense of currency direction. The dollar and yen have weakened somewhat despite the persisting euro debt crisis, better-than-expected U.S. economic data, and the Fed’s unwillingness to launch […] More
New Overnight Developments Abroad - Daily Update
Greek Austerity Proposals Not Enough
February 10, 2012
A new shock wave of risk aversion hit markets as EU finance ministers rejected the Greek proposed reforms for being insufficient. German Finance Minister Schaeuble projected that Greek debt to GDP would still reach 136% in 2020, 16 percentage points higher than target. Other market depressants overnight stem from disappointing Chinese data and the Reserve […] More
