Foreign Exchange Insights and Next Week
Next Week
January 28, 2011
Central banks in Australia, Euroland, the Czech Republic, Romania, Russia, Iceland, Indonesia and Mexico hold interest rate policy meetings in the week to February 4. The ECB monthly Bulletin and Australian quarterly Monetary Policy Statement are being published. A number of Asia markets including Singapore, Hong Kong and China will be closed Thursday to observe […] More
Foreign Exchange Insights and Next Week
Forex Marking Time
January 28, 2011
Four weeks into the year, it remains unclear who will be the big currency market winners and losers of 2011 or how this year might shape up differently from the last one. In 2010, the dollar appreciated 7.0% against the euro but declined by 12.2%, 11.9% and 9.8% against the Australian dollar, Japanese yen, and […] More
Deeper Analysis
U.S. GDP Growth
January 28, 2011
U.S. real GDP growth strengthened to 3.2% annualized (saar) last quarter from 2.6% in the third quarter and 1.7% in 2Q. GDP was 2.8% higher than in the final quarter of 2009 versus a net rise of just 0.2% between 4Q08 and 4Q09. Real final sales expanded by a robust 7.1% saar, with advances of […] More
New Overnight Developments Abroad - Daily Update
Dollar Down Ahead of U.S. GDP and Employment Cost Reports
January 28, 2011
The dollar lost 0.6% against the yen overnight and is down 0.4% against the Australian dollar, 0.3% versus the kiwi and Swiss franc, and 0.1% against the euro. The dollar is up 0.1% relative to the Canadian dollar and pound sterling but steady against the Chinese yuan. Share prices are mostly lower, with declines of […] More
