Bonds and Stocks
The Week in Figures
September 19, 2008
After a week as wild and woolly as this one, a tally of net changes is in order. Since the close on Friday, September 12, the dollar fell 3.1% against the New Zealand dollar, 2.3% against the Swiss franc, 2.1% against sterling, 1.8% against the euro, 1.4% against the Australian dollar, 1.2% against the Canadian […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: September 19th
September 19, 2008
In spite of the euphoric bounce in worldwide equities and relapse of gold prices today, I’m not optimistic about the dollar. Enormous central bank infusions of dollars to defrost frozen money markets are supposed to get sterilized, but I doubt that will occur fully. The pile of bad debts to be identified and expunged will […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: High Hopes Surround New Policy Measures
September 19, 2008
The dollar, world stocks, and sovereign bond yields have soared in response to talk of a RTC-like entity to process bad mortgage-related debts and to various other measures introduced by policymakers. Stocks in emerging markets score biggest gain in at least 21 years. Russia +22%. China +9.3%. Vietnam and the Philippines +4.7%. Malaysia +3.4%. Taiwan […] More
