Archive for March 21st, 2013

Foreign Exchange Insights and Next Week

Currency Paradox

March 21, 2013

  The dollar and euro are natural rivals. The dollar and euro are the two most influential currencies in the world, a fact reflected in their one and two standings in reserve asset portfolios.  In the arena of foreign exchange, one currency’s rise in a bilateral relationship is tautologically the other’s decline. Worsening general sentiment […] More

New Overnight Developments Abroad - Daily Update

Disappointing Economic Data from the Euro Area and Japan

March 21, 2013

Risk appetite is down.  The Cypriot banking crisis continues to fester.  Preliminary Ezone PMI readings for March were troubling.  Japan posted a record customs clearance trade deficit, and its all-industry index fell more than 1% in January.  British retail sales and New Zealand GDP released figures were bright spots, however. Equities in Europe have dropped […] More