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
