Archive for May 30th, 2008

Foreign Exchange Insights and Next Week

Foreign Exchange Insights

May 30, 2008

The dollar continues to march inversely to the beat of oil prices. A sharp 4.7% advance in oil costs during the week to May 23rd had been associated with across-the-board dollar declines. Oil reversed course this past week, and the dollar followed. Both oil and the dollar are now near their levels of two weeks […] More

New Overnight Developments Abroad - Daily Update

New Developments Abroad

May 30, 2008

The dollar is mixed despite lower oil prices. There are dollar losses of 0.3% against the kiwi, 0.2% versus the Aussie dollar, and 0.1% against carry trade-financing currencies like the yen and Swiss franc. The Greenback has risen 0.4% against the C-dollar, 0.2% against sterling and 0.1% versus the euro. Oil fell 0.8% further to […] More