Foreign Exchange Insights and Next Week
Next Week
July 20, 2012
Central bank interest rate policy meetings are scheduled next week in Israel, New Zealand, Hungary, the Philippines and Thailand. U.S. data to be reported feature the first estimate of second-quarter GDP and include the preliminary manufacturing purchasing managers index, the Chicago Fed National Activity index, the K.C. and Richmond Fed manufacturing indices, the FHFA home […] More
Foreign Exchange Insights and Next Week
Euro Continuing to Grind Lower
July 20, 2012
The relentless debt, growth, and banking crisis in the euro area has subjected the euro to a grinding downtrend but not a panicky sell-off. The trade-weighted effective nominal euro index published on the ECB web site lost just 0.1% between July 13 and July 20. It has fallen 2.3% so far this month, 5.4% since […] More
New Overnight Developments Abroad - Daily Update
Share Prices Ending Week on Softer Note
July 20, 2012
The calendar for data releases today is particularly thin for a Friday. Not much else is going on. Thursday’s U.S. data showing higher-than-expected weekly jobless claims of 386K, a 0.3% decline in the index of leading economic indicators, a third straight negative reading on the Philly Fed manufacturing index, and a 5.4% drop in existing […] More
