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
