Foreign Exchange Insights and Next Week
Dollar Uptrend Substantial Already
November 12, 2014
Despite deepening concern about the euro area’s economic outlook, the dollar’s recovery versus the euro understates the U.S. currency’s overall turnaround. EUR/USD had declined slightly less than 10% since the start of 2014 but only 5.5% since the end of 2012. Almost 7/8ths of a 33% plunge in the Russian ruble since end-2012 happened this […] More
New Overnight Developments Abroad - Daily Update
Weaker Pound and Dollar
November 12, 2014
Sterling fell 0.5% against the dollar, which has otherwise depreciated 0.8% relative to the kiwi, 0.3% versus the euro, 0.2% vis-a-vis the yen and Australian dollar and 0.1% against the loonie. The Swiss franc at 1.2022 per euro moved nearer to the 1.2000 ceiling that Swiss National Bank officials promise unlimited intervention to prevent further […] More
