Archive for November 25th, 2008

Currency Markets in the News

Selected G-7 Economic Growth Forecasts

November 25, 2008

In the third quarter, real GDP contracted 0.5% in Germany not annualized and by 0.1% each on a similar basis in the United States and Japan. The composition of those negative growth rates was dissimilar and is expressed in percentage points (ppts) in the table  below. A prior spike in commodity costs weighed on all […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Continuing Fallout from Citigroup Bailout

November 25, 2008

The dollar relapsed 1.2% against the yen. Against other currencies, the U.S. currency has trimmed Monday’s heavy losses with overnight gains of 2.2% against the Australian dollar, 1.7% against the New Zealand dollar, 0.8% against the Canadian dollar, 0.7% against the euro, and 0.6% versus sterling and the Swiss franc. The Nikkei jumped 5.2%. Stocks […] More