Archive for May 16th, 2008

Currency Markets in the News

A Last Fling for Japan

May 16, 2008

Many recent Japanese economic indicators point to scant, if any growth in the second quater, and activity in 3Q08 may not be much better. Consumer confidence slid to 35.2 in April from 36.8 on average in 1Q and 40.2 in 4Q07. The Economy Watcher’s diffusion index is also in the mid-30’s, connoting weakness in mid- […] More

Coping With China

May 16, 2008

The U.S. rivalry with China is still in its early days. Once senses that this relationship will one day far usurp the present obsession of foreign policy with the Middle East and Russia. Like the U.S., China is a huge energy importer, but China’s U.S. asset holdings are tops. Chinese international reserves soared by $616 […] More

Foreign Exchange Insights and Next Week

Foreign Exchange Insights

May 16, 2008

The dollar is wrapping up the the second full week of May on a soft note but shows mixed changes for the week as a whole. The balance of weekly dollar gains and losses suggests a further lessening of risk aversion. The greenback as of 14:50 GMT had posted gains against carry trade funding currencies […] More

New Overnight Developments Abroad - Daily Update

New Developments Abroad

May 16, 2008

The U.S. dollar is lower except against the C-dollar, with drops of 0.5% against the A-dollar, 0.4% against the kiwi, 0.3% against the Swissy, 0.2% against the euro and 0.1% against the pound. The Nikkei lost 0.2%. China’s CSI 300 index fell 0.3%. But the Dax (+1.3%) and Ftse (+0.6%) are trading higher. Ten-year JGB […] More