Archive for July 18th, 2008

Foreign Exchange Insights and Next Week

Foreign Exchange Insights

July 18, 2008

I take away four themes from this past week.  First off, many economies, not just one, face a credible recession risk, but inflation is the big bad wolf.  Britain, Spain, Japan, Ireland, Denmark and New Zealand are on the recession watch-list.  That list once had only the United States, and many economists earlier declared that  […] More

Dollar Movements From Two Benchmark Dates

July 18, 2008

The U.S. currency’s relationships against the euro and yen and often compared with one another.  So too are dollar/Swissy and cable (a euphemism for sterling against the dollar).  A third comparative cuplet involves USD movements against two commodity currencies, the Canadian dollar and Australian dollar.  To grasp the big picture especially in summer, it helps […] More

New Overnight Developments Abroad - Daily Update

New Developments Abroad: Poor British Data

July 18, 2008

The dollar is unchanged against the euro, Canadian dollar, kiwi and Australian dollar, but it rose 0.4% against sterling and the yen.  Swissy is up 0.2%. The Nikkei (-0.7), Paris Cac (-0.8%), British Ftse (-0.6%) and Dax (-0.3%) traded lower.  Australian equities fell 1.2%, but China’s CSI 300 rose 3.6%. The 10-year JGB edged off […] More