Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: August 29th
August 29, 2008
The dollar appreciated across the board during August, even against the yuan in China’s Olympic-hosting month. However, dollar gains were not uniform in the month. At 15:00 GMT today, the buck was showing a net rise against the yen since end-July of merely 0.6% but robust advances of 9.5% against the Australian dollar, 8.7% relative […] More
Slightly Softer Canadian Growth Than Bank of Canada Expected
August 29, 2008
Canadian GDP rose 0.3% at a seasonally adjusted annual rate (saar) in 2Q08 versus the central bank’s assumption last month of an 0.8% increase, and first-quarter growth was revised to negative 0.8% from negative 0.3% reported three months ago. As a result, on-year growth slid to merely 0.7% from 1.6% in 1Q08 and 2.8% in […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Deluge of Data as August Ends
August 29, 2008
The yen rose 0.7% against a softer dollar. The dollar also lost 0.4% against the kiwi and 0.2% against the euro, Swiss franc, and Canadian dollar. Sterling is unchanged against the dollar, while the Australian dollar edged 0.1% higher. The Nikkei leaped 2.4% but still lost 5.2% in the month of August. Other equity markets […] More
