Archive for August 22nd, 2010

Foreign Exchange Insights and Next Week

Next Week

August 22, 2010

Central bank meetings in the coming week scheduled in Israel, Hungary, Poland,  and the Philippines are not expected to result in any changes of interest rates.  Thai monetary officials, however, probably will tighten further.  Fed Chairman Bernanke delivers an important speech at the annual Jackson Hole Symposium on Friday. In the euro area, preliminary purchasing […] More

New Overnight Developments Abroad - Daily Update

Risk Aversion Driven by North American Data

August 22, 2010

Over the final three days of last week, the dollar rose by 1.4% against the Australian dollar, 1.3% relative to the euro,l and 0.8% versus the Canadian and New Zealand dollars.  0.8% The greenback fell 0.8% against the Swiss franc but was hardly changed against the yen (+0.1%) and sterling (+0.3%).  The Dow Jones Industrial […] More