Archive for July 11th, 2008

Foreign Exchange Insights and Next Week

Foreign Exchange Insights

July 11, 2008

Among the major currencies, the euro benefits most from eroded confidence in the dollar, and the Australian dollar gets the greatest boost from commodity price inflation.  The euro  at $1.5946 climbed within 0.5% of its record high today, and the Australian dollar hit a new peak for the move of $0.9717.  At this morning’s best […] More

Canadian Labor Market Softened Last Month

July 11, 2008

Canada’s jobless rate rose to 6.2% in June from 6.1% in May and a low of 5.8% in January and February.  Jobs dropped by 5K instead of increasing moderately as forecast.  That was the largest decline in 22 months.  Full-time jobs posted on-year growth of 1.1% but fell by 3.0% at an annualized rate between […] More

New Overnight Developments Abroad - Daily Update

New Developments Abroad: Festering U.S. Credit Loss Concerns

July 11, 2008

The dollar fell 0.2% against the euro, Swissy and Australian dollar but is unchanged against the yen, sterling, and Canadian dollar. The 10-year JGB yield ranged widely between 1.555% and 1.625% and is 2 bps higher net at 1.595%.  Other sovereign bond yields are up mostly. The Nikkei closed off 0.2%.  China’s CSI 300 lost […] More