Archive for May 10th, 2011

Deeper Analysis

Currency Performance and Economic Growth: The Relationship is Not What You’d Think

May 10, 2011

Strong economic growth is often cited as a condition that will deliver currency strength.  At last month’s press conference, for example, that contention was part of Fed Chairman Bernanke’s answer given to a question about what the central bank is doing to secure a strong and stable dollar.  By promoting its dual mandate of jobs […] More

New Overnight Developments Abroad - Daily Update

Focus Continues on Greece

May 10, 2011

Dollar movements overnight were moderately positive.  The greenback advanced 0.6% against the Swiss franc, 0.4% relative to the kiwi and sterling, 0.3% versus the yen, 0.2% vis-a-vis the euro and 0.1% against the Australian dollar but fell by 0.2% against the Canadian dollar.  The yuan is unchanged. Stocks have benefited from hopes that Greek debt […] More