Foreign Exchange Insights and Next Week
Next Week
December 4, 2009
The last week of 2009 without a holiday interruption has arrived. Central banks, like everyone else, try to get their work done early, and at least eight interest rate policy meetings are scheduled, those being in Brazil, the U.K., South Korea, Canada, Peru, New Zealand, Switzerland and Chile. In none of these instances is a […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: December 4th
December 4, 2009
An enormous amount of churning went on the currency markets today that may take time to sort out, and the old pattern of good U.S. news depressing the dollar failed to play out. Given the magnitude of the jobs data surprise, the initial up-leg in U.S. stocks seemed understated, and those gains sure enough were […] More
Deeper Analysis
Canadian Labor Market Turning Up?
December 4, 2009
Canada reported encouraging labor statistics. Canadian jobs jumped 79.1K last month, more than reversing a 43.2K drop in October, and such have risen 93.6K on balance over the last four reported months. Employment in November rose 37.9K among education workers and 73K for all service-sector workers, but manufacturing workers (up 12.6K) rose for the second […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: U.S. Jobs Day
December 4, 2009
The dollar is mostly marking time, as dealers await the November U.S. jobs figures. The whisper numbers suggest a bigger employment decline than the 120K consensus of analysts. The greenback firmed 0.1% against the yen, is unchanged relative to the euro and Swissy, and slid 0.2% against the Canadian and Aussie dollars and by 0.3% […] More
