Archive for July 29th, 2010

Deeper Analysis

Note on U.S. Growth

July 29, 2010

The Federal Reserve Beige Book gave a somber snapshot of the state of activity in June and early July.  The pace of activity slowed in the Fed districts of Atlanta and Chicago, stalled in the Kansas City and Cleveland districts, and and was modestly positive but not picking up further in other areas.  However competitive […] More

New Overnight Developments Abroad - Daily Update

Dollar Softer Across the Board

July 29, 2010

Overnight the dollar lost 1.2% against the Swiss franc, 1.1% against the Australian dollar, 0.7% against the Canadian dollar and euro, 0.5% against the yen, 0.3% relative to sterling and 0.2% against the kiwi.  The dollar even dipped 0.03% against the yuan. The Japanese Nikkei lost 0.6%, and stocks dipped 0.2% in South Korea and […] More