Archive for December 9th, 2016

Foreign Exchange Insights and Next Week

Next Week

December 9, 2016

Central Banks: Wednesday’sĀ Federal Open Market Committee meeting heads a list of no fewer than a dozen central bank interest rate policy meetings next week that also includes the U.K., Switzerland, Norway, Iceland, Russia, Indonesia, South Korea, Mexico, Colombia, Chile and Peru. The Fed’s meeting, which is universally expected to raise the federal funds target, will […] More

New Overnight Developments Abroad - Daily Update

Further Leap in U.S. Consumer Confidence Lifts Dollar

December 9, 2016

The Reuters/U. Michigan consumer sentiment index leaped to 98.0 in early December from final readings of 93.8 in November and 87.2 in October. The latest score almost matches the greatest optimism since 2004. Excitement about the coming Trump presidency appears responsible for this much greater-than-anticipated upturn. The dollar climbed overnight by 1.0% against the yen […] More