Foreign Exchange Insights and Next Week
Next Week
June 18, 2010
The new British government presents its austerity budget on Tuesday. Central bank meetings next week in the United States, Hong Kong, Norway, the Czech Republic, Hungary and Taiwan are not likely to result in an interest rate changes. Minutes from the Bank of England meeting earlier this month will be published on Wednesday. At the […] More
Foreign Exchange Insights and Next Week
Many Governments Want a Weak Currency, But Not All Can Make it Happen
June 18, 2010
The euro experienced its best week in many months but was not alone in advancing against the dollar. The euro’s gain was pretty much matched by the New Zealand and Australian dollars and surpassed by the Swiss franc. The U.S. dollar dropped about 2% against the yen and around 1% against the British and Canadian […] More
New Overnight Developments Abroad - Daily Update
Euro Retaining Firmer Tone
June 18, 2010
The euro touched $1.2416, best since May 28, and on balance has given up just 0.1% from Thursday’s close. Europe’s common currency has risen 2.3% so far this week. In a quiet end to the week, the dollar otherwise shows losses today of 0.5% against the yen and 0.2% versus the Swiss franc but is […] More
