Archive for July 30th, 2009

Currency Markets in the News

Euroland Economy Poor But Better

July 30, 2009

Real GDP in the euro area contracted at the horrific rates of 4.5% in 2008 including 6.9% at an annualized rate (saar) in the final quarter.  The downturn intensified with a drop of 9.7% saar in the first quarter of this year.  Second-quarter figures get released two weeks from tomorrow on August 13th.  Three sets […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Sharp Rise in European Confidence

July 30, 2009

The dollar is lower, especially against the Australian dollar (1.1%) and sterling (0.8%) but also by 0.3% relative to the Canadian dollar, euro and Swissy and by 0.1% against the yen. An exception is the dollar’s 0.2% rise against the kiwi.  The Reserve Bank of New Zealand kept a 2.5% cash rate and released a […] More