Archive for August 24th, 2012

Foreign Exchange Insights and Next Week

Next Week

August 24, 2012

Investors will pay particular attention next week to continuing key bilateral meetings among EU leaders such as talks between Italian Prime Minister Monti and German Chancellor Merkel on Wednesday and to developments at the Jackson Hole central banking Symposium at which Fed Chairman Bernanke speaks on Friday and ECB President Draghi addresses on Saturday, September […] More

Foreign Exchange Insights and Next Week

ECB Holds Near-Term Key

August 24, 2012

What a difference a month makes!  The euro hit a low for the move on July 24th of $1.2041, seemingly bent on a rendezvous with its June 7, 2010 trough of $1.1878.  The experiment of a common currency, a one-size-fits-all monetary policy, but 17 autonomous fiscal policies was tangled up in a world of hurt […] More

New Overnight Developments Abroad - Daily Update

New Frustrations over Global Growth

August 24, 2012

Share prices continue to be depressed by growth prospects in China, Europe, and the United States.  Investors wonder what central banks might do to promote activity.  The People‚Äôs Bank of China did not cut interest rates or reserve requirements overnight.  A key focus next week are the speeches at the Jackson Hole Symposium of Fed […] More

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