Foreign Exchange Insights and Next Week
Three Weeks is One Thing; Three Years Is Quite Something Else
November 24, 2010
Fed officials understood the risks to the dollar from quantitative easing when its Federal Open Market Committee agreed three weeks ago to buy an additional $600 billion of longer-dated Treasury securities over eight months. They also appreciated that risks are simply this: possibilities rather than a fait accompli. The chance of a dollar decline was […] More
New Overnight Developments Abroad - Daily Update
Europhobia
November 24, 2010
Sentiment toward the euro remains poor as an increasing number of analysts postulate the possibility the union will break up. Portugal, the likeliest next target in the debt crisis food chain, has been crippled by a general worker strike to protest budget austerity. S&P downgraded Irish debt by two steps to A from AA- and […] More
