Archive for March 31st, 2009

Currency Markets in the News

New Growth Forecasts From the OECD

March 31, 2009

The Organization of Economic Cooperation and Development, headquartered in Paris, has 30 members.  All of the G-7 (U.S., Japan, Germany, France, Britain, Italy, and Canada) belong to the OECD, which also includes 14 other Western European nations, 4 Eastern European countries, Australia, South Korea, Mexico, Turkey and New Zealand.  The table below presents the new […] More

Canadian GDP Contracting Very Sharply

March 31, 2009

The monthly supply-side measure of Canadian GDP fell another 0.7% in January.  That drop was slightly greater than expected and brings the annualized rate of contraction over the three months between October and January to marginally more than 9%. Weakness in those three months was led by a plunge in factory output of nearly 30% […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Another Market Reversal

March 31, 2009

Yesterday saw the yen and dollar rise, but today they fell.  The dollar gained 1.4% against the yen but sank otherwise by 1.7% relative to the Australian dollar, 1.5% against the kiwi, 1.0% versus the euro, 0.9% against the Swissy and Canadian dollar and 0.3% versus sterling. Other market moves today are also consistent with […] More