Currency Markets in the News
Japan Economic Scorecard
September 9, 2008
The dive in Japanese real GDP in the second quarter appears worse than even the preliminary indication of -2.4% at a seasonally adjusted annual rate. Revised figures at the end of this week are expected to show a drop of closer to 3.5% because the Finance Ministry’s quarterly business survey found investment spending to have […] More
Currency Markets in the News
Euroland: The Feel of a Recession
September 9, 2008
Second-quarter growth was negative 0.8% at a seasonally adjusted annual rate with drops of 4.6% saar in business investment, 1.5% in exports, and 0.6% in personal consumption mitigated by a rise of 2.2% in public expenditures. I think third-quarter growth is going to be negative as well, and the fourth quarter will be at best […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Very Weak German Trade Figures in July
September 9, 2008
There’s been a minor pull-back in latest dollar advance. The buck eased 0.8% against the kiwi, 0.3% versus sterling and the euro, 0.2% relative to the yen and 0.1% against the Swissy and yuan. It firmed 0.1% against the Australian and Canadian dollars overnight. Stocks in Asia suffered large losses. Nikkei -1.8%. Taiwan -3.5%. Indonesia […] More
