Foreign Exchange Insights and Next Week
Next Week
August 10, 2012
Focus shifts next week from central banks to GDP. Two central banks that will be discussing interest rate policy are those in Turkey and Chile, and minutes from an earlier meeting will be released by the Bank of England and Bank of Japan. Japan reports 2Q GDP on Monday, and many European countries as well […] More
Foreign Exchange Insights and Next Week
Euro Weakness, Not Dollar Strength
August 10, 2012
The euro peaked at $1.6038 in July 2008 and at a trade-weighted value of 117.77 five months later, still a couple of quarters before the outbreak of Europe’s fiscal debt crisis. Given the severity of the crisis, the common currency’s slide has been moderately paced, never approaching the intensity of several pre-euro era currency swings. […] More
New Overnight Developments Abroad - Daily Update
Disturbing Trade Data from China
August 10, 2012
Risk appetite took a hit from poor Chinese trade numbers. Share prices are down 0.9% in Spain, 0.8% in France, 0.5% in Germany and 0.2% in Britain. Stocks fell by 0.7% in Hong Kong and Australia, 0.5% in China, and 1.0% in Japan. The dollar has advanced 0.6% against the Australian dollar, which fell in […] More
