Archive for May 23rd, 2014

Foreign Exchange Insights and Next Week

Next Week

May 23, 2014

Global markets will be watching this weekend’s Ukraine election and EU parliamentary election results. U.S. and British markets are closed Monday for Memorial Day and a spring bank holiday, respectively, while a number of continental European countries are observing Ascension Day on Thursday. Central bank interest rate decisions will be announced in Brazil, Hungary, New […] More

New Overnight Developments Abroad - Daily Update

Softer Euro

May 23, 2014

Germany’s IFO Institute reported an unexpected drop in its proprietary German business climate index to a five-month low, claiming that “a lull was seen in the German economy in May.”  The overall index fell to 110.4 from 111.2 in April.  Current conditions dropped 0.5 points, while expectations fell back 1.1 points.  Manufacturing, construction, wholesaling and […] More