Foreign Exchange Insights and Next Week
Next Week
November 5, 2010
The main event in the week to November 12 will be the summit of G20 leaders in Seoul on Thursday and Friday. The U.S. and Canadian markets respectively observe Veterans Day and Remembrance Day commemorating the Armistice that ended the First World War 92 years ago. Sweden is closed on Tuesday. On November 7, Greece […] More
Foreign Exchange Insights and Next Week
Will the G20 Summit Stop the Falling Dollar?
November 5, 2010
The dollar is being depressed by a U.S. monetary policy that is looser than the credit policies of other central banks. Since August 27 when Fed Chairman Bernanke began preparing the public for a second round of quantitative easing, the dollar has lost over 10% against the Australian and New Zealand dollars, and commodity prices […] More
New Overnight Developments Abroad - Daily Update
Awaiting U.S. Jobs Report
November 5, 2010
A mildly firmer dollar reflects posturing ahead of this week’s final big event, not any lessening of cynicism over U.S. dollar policy. Nowotny of the ECB observed the obvious fact that the Fed and ECB monetary policies are becoming more divergent. The dollar is 0.7% stronger against the kiwi and sterling and up 0.5% versus […] More
