Foreign Exchange Insights and Next Week
Next Week
February 17, 2012
A light week data-wise begins with a U.S. market closure for President’s Day and a euro group meeting in Brussels on the subject of Greece. Turkey’s central bank holds an interest rate meeting at which no changes are expected, and minutes from the last policy meetings at the Bank of England and Reserve Bank of […] More
Foreign Exchange Insights and Next Week
EUR/JPY Reversal
February 17, 2012
The recent choppiness of currency market price action obscures some important trend reversals. In the two years between end-2009 and end-2011, the dollar climbed 10.6% against the euro but dropped 17.4% against the yen, and Japan’s currency had accordingly appreciated about 34% against the euro. So far in 2012, a period comprising just over an […] More
New Overnight Developments Abroad - Daily Update
Upbeat Investor Mood as Britain Reports Resilient Retail Sales
February 17, 2012
Risk appetite has been evident. The dollar overnight eased 0.6% against the kiwi, 0.2% versus sterling, and 0.1% relative to the Australian and Canadian dollars. EUR/USD is steady. So is the Chinese yuan. The yen lost 0.3% against the greenback, which edged above JPY 79.0. Share prices in the Pacific Rim jumped 2.4% in The […] More
