Foreign Exchange Insights and Next Week
Next Week
March 25, 2011
Manufacturing purchasing managers surveys for developed and developing economies alike will be released next week. Interest rate policy meetings are scheduled in Hungary, Romania and Iceland. A pretty heavy stream of other economic data releases is also on tap. For example, Friday is the U.S. monthly jobs day, and Wednesday and Thursday see the release […] More
Foreign Exchange Insights and Next Week
Carry Trade Beginnings
March 25, 2011
While keeping an eye on a whole smorgasbord of developments — Portugal, Libya, Fukushima reactor #3, Chinese growth, oil prices, and differences in the monetary stances of the ECB, Fed, and Bank of England — the most intriguing storyline just off the press is the reappearance of carry trading. A column in yesterday’s Financial Times […] More
New Overnight Developments Abroad - Daily Update
Markets Watching Summit of EU Leaders
March 25, 2011
Commodity currencies fell Friday after rising Thursday. New Zealand, Australian and Canadian dollars are 0.5%, 0.3% and 0.2% lower. A carry trade-friendly environment in which low-yielding currencies fund such positions is taking shape. The U.S. dollar rose 0.6% against the Swiss franc and 0.4% relative to the yen. The dollar elsewhere is up 0.1% against […] More
