Archive for August 26th, 2008

The Dollar If McCain Wins

August 26, 2008

It’s hard to pick up a newspaper these days without finding an article on Obama’s vulnerability in the November election.  That’s a bad sign for the Democrats, especially since articles about McCain’s vulnerability are not so prevalent.  Press hype is often grounded in fact but nonetheless has a way of magnifying the momentum.  With Labor […] More

Currency Markets in the News

The Abruptness of Germany's Slowdown

August 26, 2008

Some members that participate in the European Monetary Union have economies in worse shape than Germany, important countries like Italy, Spain and France.  Because Germany has the region’s largest economy and in light of the abruptness of its turn for the worse, the slowdown in Germany has hurt confidence in the euro the most.  Germany […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Germany Moves Closer to Recession

August 26, 2008

The dollar advanced another 1.5% against the Australian dollar, 1.1% against the euro, 1.0% against the Swiss franc and sterling, 0.6% against the kiwi, 0.4% relative to the yen and 0.3% against the Canadian dollar.  EUR/USD touches lowest level since mid-February.  GBP/USD is lowest since July 2006.  There was more unwinding of carry trades. Most […] More