Foreign Exchange Insights and Next Week
Next Week
May 8, 2009
Next week has an extremely crowded data calendar, relatively few central bank meetings (just Korea, Mexico and Turkey), and no holiday closures in major markets. The main data event will be the first-quarter GDP figures from Euroland and many of its members including the big four of Germany, France, Italy and Spain. Euroland, France, and […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: May 8th
May 8, 2009
Uncertainty remains very high over three basic issues that affect currency markets: Whether U.S. money center banks have truly avoided a slew of failures and nationalizations, Whether the most intense part of the global recession is now past and, if so, the type of economic recovery that will develop, and Whether subsiding risk aversion will […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Reaction to Stress Test Results Has Been Only Mild
May 8, 2009
Ten U.S. banks will need to boost capital by a combined $74.6 billion, and that is seen as manageable. Since most of the information had already leaked, investors were not surprised by any of the stress test revelations. Attention turns to U.S. labor force report at 12:30 GMT, where analysts anticipate better numbers than seen […] More
Central Bank Watch
Two Latin American Central Banks Eased on Thursday
May 8, 2009
The Central Reserve Bank of Peru cut its benchmark policy reference rate by 100 basis points to 4%. A cut of that size was also done in April following back-to-back smaller reductions of 25 basis points each in February and March. The cyclical peak of 6.5% was attained last October after an increase that month […] More
