Greek debt talks
Euro Climbs to Best Level Since December 12
February 8, 2012
Although Greek officials still have not reached a final austerity package accord that would permit a second bailout of EUR 130 billion, progress is said to be occurring, and the euro advanced to $1.3290. That’s 5.3% stronger than the January 16th low of $1.2623. Investors seem to be concluding that there’s no realistic alternative to […] More
Hopeful Week Ending on Cautious Note
January 20, 2012
A dip in risk appetite can be seen in rise of dollar and lower commodities and European equities. The German Dax and Paris Cac have fallen 0.5% and 0.6% from multi-month highs. The dollar has advanced 0.4% against the euro and Swiss franc and is up 0.2% against the Australian and Canadian dollars as well […] More
Crowded Calendar of U.S. Data Releases
January 18, 2012
The dollar declined overnight by 0.7% against the kiwi, 0.5% against the Swissie and euro, and 0.2% versus the Australian dollar, loonie, and sterling. The yen and yuan are unchanged against the greenback. Tomorrow begins a week-long celebration of the Chinese Lunar New Year to usher in the Year of the Dragon. Special importance is […] More
