Foreign Exchange Insights and Next Week
Next Week
December 10, 2010
Over the week to December 17, central bank interest rate setters will meet in the United States, Norway, Sweden Hong Kong, Switzerland, India, Chile, Colombia and Turkey. Ecofin, the group of EU finance ministers also will get together. Reserve Bank of Australia Governor Stevens makes an important speech. Rumors remained heavy today that China may […] More
Foreign Exchange Insights and Next Week
‘Tis the Season
December 10, 2010
The approach of calendar yearend tends to be a time of reflection on where markets have been and what perhaps lies ahead. Seven themes will converge on the currency markets in what will be the last week with a semblance of normalcy. They are seasonal pressures, a possible nascent bear market in bonds, persistent jitters […] More
New Overnight Developments Abroad - Daily Update
Another Tightening of Chinese Reserve Requirements
December 10, 2010
The dollar is unchanged against the euro, Canadian dollar, and Chinese yuan but has dropped 0.5% against the kiwi, 0.4% relative to the Australian dollar and sterling, 0.2% versus the yen and 0.1% against the Swiss franc. Equities in Asia fell by 1.0% in Indonesia, 0.9% in Malaysia, 0.8% in Singapore, 0.7% in Japan, and […] More
