Archive for May 14th, 2009

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Higher Risk Aversion Sends Stocks Lower and Dollar Up

May 14, 2009

The dollar climbed 0.5% against the Australian dollar, 0.4% relative to sterling, 0.3% against the euro, 0.2% versus the Swissy and kiwi, and 0.1% against the Canadian dollar.  The yen is steady, moving up in tandem with the dollar. Japan’s Nikkei fell 2.6%. Elsewhere in the Pacific Rim, stocks fell 3.4% in Australia, 3.0% in […] More