Currency Markets in the News
End-of-Year Bias in EUR/USD
December 15, 2008
The dollar declined between mid-December and yearend against the euro in five of the last six years, including a 1.2% drop over that period in 2007. Over those six years, the dollar posted an average drop of 1.1% in the final half of December. A seasonal drop against the mark between mid-December and end-month occurred […] More
U.S. Capital Inflows
December 15, 2008
Capital inflow financing of the U.S. current account deficit increased sharply in quantitative terms during September-October but weakened significantly in a qualitative sense. The broadest measure of net inflows reported by the Treasury Department totaled $286.3 billion in October, up from $142.6 billion in September. In contrast, there were net sales of $4.0 billion per […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Japanese Business Sentiment Sharply Lower
December 15, 2008
Equities rallied in the Pacific Rim and Europe despite poor Japanese and Chinese data. The Nikkei advanced 5.2%. Stocks also rose 4.9% in South Korea, 3.0% in Taiwan, 7.6% in Indonesia, 2.0% in Singapore, 1.5% in India, 2.0% in Hong Kong and 2.3% in Australia. The German Dax, Paris Cac, and British Ftse are trading […] More
Currency Markets in the News
Bank of Japan Tankan Underscores Mounting Deflationary Risk
December 15, 2008
Bm Bnm Sm Snm All Dec 1998 -49 -39 -56 -43 Dec 1999 -17 -19 -32 -28 Dec 2000 10 -10 -16 -23 Dec 2001 -38 -22 -49 -39 -40 Dec 2002 -9 -16 -33 -36 -28 Dec 2003 11 -9 -13 -28 -15 Dec 2004 22 11 5 -14 […] More
