Foreign Exchange Insights and Next Week
Next Week
June 26, 2009
Among four central bank meetings in the coming week, those in Romania and Indonesia have a decent chance of resulting in rate cuts, whereas no changes are likely from the European Central Bank of the Swedish Riksbank. The two cuplets are distinguished by the disparity between high existing rate levels in Romania (9.5%) and Indonesia […] More
Foreign Exchange Insights and Next Week
Foreign Exchange Insights: June 26th
June 26, 2009
It’s been an uneventful summer for the dollar’ two main relationships so far. Net movement over the five weeks since the Memorial Day weekend amounts to a rise of 0.4% against the yen and a dip of 0.6% against the yen. EUR/USD is pivoting $1.40 with a fairly symmetric range this past week of 1.4138 […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Stocks Up and Dollar Down on Final Day of Week
June 26, 2009
The dollar has lost 0.8% against sterling, 0.7% against the Canadian dollar, 0.6% versus the euro and Swissy, 0.4% relative to the Australian dollar, and 0.2% against the yen. The dollar is steady against the kiwi after news that New Zealand GDP fell more than forecast in the first quarter. No chatter yet about Swiss […] More
