Foreign Exchange Insights and Next Week
Next Week
May 14, 2010
On the central bank watch, Mexico, Japan, and Turkey have scheduled interest rate meetings. Analysts expect none to change policy. The president of the Swiss National Bank and Governor of the Bank of Japan will be speaking in the week, and minutes of the last Bank of England, Reserve Bank of Australia and FOMC meetings […] More
Foreign Exchange Insights and Next Week
How Likely is EUR/USD Parity in late-2010?
May 14, 2010
None of the efforts made so far to end Europe’s sovereign debt crisis has produced lasting relief, and it’s doubtful that anything will be done to defuse this bomb soon. In the wake of a wrenching recession in the region, the worst since the Second World War, it will be extraordinarily difficult to secure voter […] More
New Overnight Developments Abroad - Daily Update
European Sovereign Debt Fears Send Yen and Dollar Higher Before Another Weekend
May 14, 2010
The yen firmed 0.2% against the dollar, which otherwise advanced 0.6% against sterling and the Swiss franc and 0.5% against the euro, which got as low as $1.2430, slightly below its weakest quote last year of 1.2458 seen on March 4, 2009. Commodity-sensitive currencies were also depressed. The Canadian and Australian dollars lost 0.5% against […] More
