Foreign Exchange Insights and Next Week
Next Week
February 24, 2012
Central banks hold interest rate policy meetings next week in The Philippines, Hungary and Israel. G20 finance ministers and central bankers are meeting this weekend in Mexico City, and an EU summit in Brussels commences on Thursday. The Fed releases its Beige Book on Wednesday, and numerous Fed officials are scheduled to speak publicly during […] More
Foreign Exchange Insights and Next Week
Euro Surprising the Pessimists
February 24, 2012
The better recent performance of the euro is subject to varying interpretations. The EUR/USD is the best currency-against-currency barometer of sentiment toward the U.S. economy and dollar, so euro appreciation can simply reflect a vote of lessening confidence in the United States. Or because the dollar is the most favored safe haven in the family […] More
New Overnight Developments Abroad - Daily Update
G20 Finance Ministers and Central Bankers Meeting in Mexico City
February 24, 2012
It’s been a decent Friday. In signs of a risk-on trading sentiment, share prices are higher. Oil is up, and the yen and dollar is down. Revised German and British GDP data provided few surprises. An important meeting of Group of 20 officials begins today. The dollar rose to as high as JPY 80.67, highest […] More
