Archive for January 27th, 2009

Currency Markets in the News

A Possible Glimmer of Economic Hope

January 27, 2009

A shift in the balance between better-than-expected and worse-than-expected economic data can herald a change in momentum.  When most data arrive weaker-than-forecast, that often is an early detector of an absolute deterioration in real economic trends to come.  And for economies in recession, one of the first signs of light at the end of the […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Sterling Strengthened Further

January 27, 2009

Sterling rose another 1.1% against the dollar and is trading 4.7% above last Friday’s low of $1.3502. The U.S. currency otherwise is narrowly mixed, with no change against the yen, gains of 0.2% against Canadian dollar and 0.1% versus the Swiss franc, and losses of 0.4% against the Australian dollar and 0.2% relative to the […] More