Archive for October 17th, 2008

Foreign Exchange Insights and Next Week

Weekly Foreign Exchange Insights — October 17th

October 17, 2008

The dollar consolidated its prior gains over the past week in continuing, albeit marginally less, volatile trading.  Against the currencies of other developed economies, almost all dollar pairs saw lower highs and higher lows than in the week before.   From 2008 highs against the U.S. currency, the Aussie dollar, New Zealand kiwi, Canadian loonie, and […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Yen Firmer

October 17, 2008

The dollar is down 0.9% against the yen but up 2.3% against the Australian dollar, +1.7% versus the kiwi, +1.2% against the Canadian dollar and +0.5% against the euro.  This pattern suggests more hedge fund liquidations.  The dollar dipped 0.2% against the Swissy but is up 0.1% versus sterling. The Nikkei bounced 2.8% higher following […] More