Archive for September 12th, 2008

Foreign Exchange Insights and Next Week

Weekly Foreign Exchange Insights: September 12, 2008

September 12, 2008

The dollar correction moved into a new phase this past week.  In prior weeks, the rally had closed with upward momentum, but action on September 12th saw the U.S. currency fade off its highs.  The dollar ended the week of September 5th within 0.3% of its period highs against the euro and Swiss franc and […] More

Larry's Blog

A New Perspective on the Red State – Blue State Divide

September 12, 2008

The 2008 presidential election has been already called historic because an African-American is a major party candidate for the first time and in light of the high consideration given to one woman for the presidency and the nomination of another to be vice president.  But the choice in November will be noteworthy too for underscoring […] More

Central Bank Watch

Central Bank Interest Rates: Still More Increases Than Declines

September 12, 2008

Although global growth has slowed with several economies in recession, the scorecard of central bank rate changes so far this month shows many more increases than declines, and no rate reductions are likely next week.  Central bank rates have been raised by 75 basis points to 13.75% in Brazil, 50 basis points to 8.25% in […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Lehman Sale Considered Imminent

September 12, 2008

Rumors swirling that the Fed and Treasury are helping to shop Lehman Brothers by the weekend.  Washington Mutual also getting watched. The dollar climbed 1.0% against the Australian dollar and 0.3% versus the yen but is otherwise lower, with drops of 0.9% against the euro, 0.8% against sterling, 0.6% against the kiwi and C-dollar, and […] More