Foreign Exchange Insights and Next Week
Currencies Not the Main Market Attraction
November 15, 2012
Economic conditions still look bleak in the United States, Euroland, Britain and Japan a little more than five years after the start of the global financial crisis. Between the third quarters of 2007 and 2012, real GDP climbed only 0.5% per annum on average in the States, while sliding at a 0.3% annual rate in […] More
New Overnight Developments Abroad - Daily Update
Yen at Six-Month Low; Euroland GDP Fell Modestly in 3Q
November 15, 2012
A lot of European data were released, but today’s main currency movement belongs to the yen. Dollar/yen rose 1.1% to a 6-month high of 81.16. The greenback rose 0.4% against the Aussie dollar but slipped 0.2% relative to the euro, Swiss franc, and loonie. Sterling is unchanged, and China’s yuan is softer. Stocks in the […] More
