Archive for November 9th, 2015

Foreign Exchange Insights and Next Week

Current Accounts Matter, Too

November 9, 2015

Across-the-board improvement in last Friday’s U.S. labor market statistics lifted the dollar as high as 1.0706 per euro.  That’s a net gain of over 6.0% since October 21.  Expectations are now strong that the federal funds rate will be raised next month and that ECB monetary policy will be eased as well.  It’s not often […] More

New Overnight Developments Abroad - Daily Update

Several Trade Reports and an OECD Semi-Annual Outlook

November 9, 2015

The dollar is mostly softer.  Stocks are mostly lower, but gold, oil, and some bond yields are up. The dollar depreciated overnight by 0.4% against the euro and kiwi, 0.3% versus sterling and the Swiss franc, and 0.2% relative to the loonie and Aussie dollar.  The U.S. currency, in contrast, rose 0.2% against the yen […] More