Foreign Exchange Insights and Next Week
Next Week
July 13, 2012
Central bank policy meetings are scheduled next week in Canada, Mexico, Turkey, South Africa, and tentatively Russia. The central banking highlight of the week, however, will be Chairman Bernanke’s semi-annual Humphrey Hawkins testimonies, first on Tuesday before the Senate Banking Committee and reprised the following day in front of the House Financial Services Committee. The […] More
Foreign Exchange Insights and Next Week
Will the Dollar Keep Rising, and Is that Desirable?
July 13, 2012
Defusing the euro area’s debt and banking crisis is like solving a single equation containing two unknown variables. It cannot be done no matter how much good faith effort is expended. Uncorrectable mistakes were made when the economic and currency union was designed in the 1990s, first enabling unsustainable disparities in competitiveness to develop among […] More
New Overnight Developments Abroad - Daily Update
More Chinese Data, and a Downgrade of Italian Debt
July 13, 2012
Chinese GDP, retail sales, and industrial production figures were about as expected rather than worse than feared. On-year GDP growth slowed to 7.6% last quarter from 8.1% in the first quarter, 8.9% in 4Q11, 9.1% in 3Q11, 9.5% in 2Q11, 9.7% in 1Q11, and 11.8% in the first quarter of 2010. Quarter-over-quarter growth of 1.8% […] More
