Archive for September 5th, 2008

Foreign Exchange Insights and Next Week

Weekly Foreign Exchange Insights: September 5th

September 5, 2008

The dollar recovery continues, feeding in part off the failure of the economies of Japan and in Europe to withstand a U.S. slowdown.  Several Japanese monthly indicators point to a better-than-expected start for that economy in the third quarter, but second-quarter growth is likely to get revised to negative growth in excess of 3.0% and […] More

Canadian Labor Market in August Better But Still Weak

September 5, 2008

Canada’s jobless rate held at 6.1%, and employment rebounded 15.2K, which exceeded consensus expectations.  Hourly wages rose 3.8% from August 2007, the first sub-4.0% result since July 2007.  The increase in jobs followed a stunning 55.2K plunge in July and a 5.0K decline in June, and such left annualized employment growth over the past four […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Global Flight to Safety

September 5, 2008

Equities Sold off in Asia and Europe.  Nikkei -2.8%.  Hong Kong -2.2%.  China -3.0%.  India -2.8%. Vietnam -2.1%. Indonesia -2.5%.  European bourses down by 1.3 -1.5%.  The 10-year JGB yield sank 8.5 basis points to 1.435%.  Other sovereign bond yields are lower across the board. The dollar jumped another 1.4% against the Australian dollar and […] More