Foreign Exchange Insights and Next Week
To Taper or Not
September 6, 2013
It’s one question whether the Fed will begin tapering this month and an entirely different matter whether that’s the right thing to do at this stage of the U.S. business cycle. I’m quite confident that tapering will start now and will become much more so unless clear verbal signals emerge in the coming week that […] More
New Overnight Developments Abroad - Daily Update
Awaiting U.S. Jobs Data
September 6, 2013
The dollar has lost 0.8% against the kiwi, 0.6% versus the loonie, 0.4% relative to the yen and Australian dollar and 0.1% versus the Swiss franc. The dollar is also unchanged against sterling, the euro and yuan. Japan’s Nikkei slumped 1.5% in part on unconfirmed news that Tokyo, heretofore the front-runner, is not going to […] More
