Archive for October 9th, 2008

Currency Markets in the News

G7 Meeting on Friday

October 9, 2008

Finance ministers and central bank leaders from the United States, Japan, Germany, France, Britain, Italy and Canada, plus representatives from the EU, have their third and final scheduled meeting tomorrow in Washington.  This group coordinates currency market and other economic policies of shared interest.  These meetings provide a useful clearing house for information about economic […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Further Central Bank Initiatives

October 9, 2008

Markets on Thursday have reversed many trends from Wednesday, but nervousness remains very high.  Sovereign bond yields rose 7-11 basis points in Japan, Europe and North America.  The yield on JGB’s rebounded to 1.485%.  The dollar advanced 0.9% against the yen and is back above 100.  The dollar also fell 4.5% against the Australian dollar […] More