Foreign Exchange Insights and Next Week
Next Week
August 6, 2010
The FOMC and Bank of Japan hold interest rate policy meetings next week. So do the Norwegian, South Korean and Hong Kong monetary authorities. None of these are expected to modify key rates. The Bank of England’s quarterly Inflation Report will unveil new forecasts. BOJ minutes from the July meeting and the August ECB Bulletin […] More
Foreign Exchange Insights and Next Week
Third Anniversary
August 6, 2010
The world financial crisis began on August 8, 2007. The third anniversary finds a very heterogeneous world business cycle. Growth in global real GDP is again above 4.0%, something almost nobody foresaw a year ago. Many emerging economies in Latin America and Asia, a far wider spectrum than just India and China, are experiencing very […] More
Deeper Analysis
U.S. and Canadian Data Releases: Off the Track Observations
August 6, 2010
The U.S. unemployment rate has been 9.4% or greater for fifteen consecutive months, one-month short of the 16-month streak in which such occurred in 1982-3. The broader unemployment/underemployment/discouraged worker rate of 16.5% is much higher now than then, and that figures is most likely well under-stated at present. U.S. private employment went up just 51K […] More
New Overnight Developments Abroad - Daily Update
Dollar Marginally Higher Ahead of U.S. Jobs Report
August 6, 2010
The dollar firmed 0.3% against the Swiss franc and posted 0.2% gains against sterling, the yen, the Canadian dollar and the euro. It also edged 0.1% higher versus the yuan and the kiwi. Only the Aussie dollar held steady against the greenback as dealers await U.S. July labor figures at 12:30 GMT. A 60-65K drop […] More
