Foreign Exchange Insights and Next Week
Next Week
July 30, 2010
Central bank interest rate meetings are scheduled in Australia, the euro area, the U.K., Peru, Romania Indonesia and the Czech Republic, but none is expected to announce a change of policy. Canada will be closed for Civic Day on Monday. The first week of the month is naturally PMI week. Monday will see a parade […] More
Foreign Exchange Insights and Next Week
Beware of August
July 30, 2010
The upcoming third anniversary of the financial crisis finds advanced economies deeper in debt, struggling to maintain traction, and without a consensus over policy priorities. Confusion also exists over the next direction of major currencies. The dollar lost value against most currencies during July in a pattern that persisted into the final days of the […] More
New Overnight Developments Abroad - Daily Update
Weaker Stocks and Euro Ahead of U.S. 2Q GDP Release
July 30, 2010
The dollar has climbed 0.6% against the euro but fallen 0.7% against the yen. The greenback is stronger by 0.5% against the kiwi, 0.3% versus the Aussie dollar, and 0.2% relative to sterling. Dollar/Swiss is unchanged, and the yuan ticked up 0.1% against the U.S. currency. The loonie is 0.2% higher. Stocks in the Pacific […] More
