Foreign Exchange Insights and Next Week
Next Week
June 25, 2010
Wednesday will mark the end of a quarter and the mid-point of 2010. Canada celebrates Canada on Thursday, and dealing rooms will close early on Friday in the U.S. for the Independence Day weekend. A Swedish interest rate hike is expected on Thursday. Monetary policy meetings in Romania, Israel and Poland probably will not result […] More
Foreign Exchange Insights and Next Week
Risk Aversion, Not Growth Prospects, Again Driving Foreign Exchange
June 25, 2010
Economic growth prospects have discernibly darkened in advanced industrial economies, so financial markets are looking beyond what should be a respectable second quarter. An interest rate hike by the ECB, Bank of Japan, or even the Fed is nowhere in sight. The ECB and Bank of Japan have taken liquidity-supporting steps, which at the least […] More
Deeper Analysis
U.S. Economic Growth: Reflections
June 25, 2010
Revised U.S. GDP expanded 2.7% at an annualized rate (saar) last quarter and by a similar 2.4% between 1Q09 and 1Q10. Although not as good as preliminary indications, growth in the United States has not been bad for an advanced economy. GDP last quarter increased only 0.8% saar in Euroland and by 1.2% in Britain. […] More
New Overnight Developments Abroad - Daily Update
Euro, Kiwi, and Aussie Dollar Weaker as G-20 Leaders Assemble in Toronto
June 25, 2010
The dollar advanced 0.8% against the New Zealand dollar and 0.4% against the euro and Australian dollar. The greenback also rose 0.2% against sterling and 0.1% against the yen and Canadian dollar. The Swiss franc kept pace with the dollar and hit a record 1.3508 per euro high. Investors are downbeat on global growth prospects. […] More
