Foreign Exchange Insights and Next Week
Comment on Euro-Yen Currency Pair
August 21, 2017
In spite of wide short-term variability in the euro’s yen cross rate, the relationship has been pretty stable over the long run. The financial crisis that began ten years ago this month occurred roughly 8-3/4 years after euro was created by merging several European currencies and putting all members of the newly formed euro area […] More
New Overnight Developments Abroad - Daily Update
A New Week Begins for Financial Markets and Trump Administration
August 21, 2017
Markets mostly marked time at the start of August’s fourth week, digesting an incredible week in U.S. politics and awaiting the Jackson Hole central bank symposium that begins on Thursday. The dollar was narrowly mixed overnight, rising 0.3% against the Swiss franc, 0.2% versus the loonie and 0.1% relative to the euro and Australian dollar, […] More
