Foreign Exchange Insights and Next Week
Next Week
June 17, 2011
Central Banks in the United States, Norway, Hungary and Czech Republic hold interest rate policy meetings next week, and those in Australia and Britain will be releasing minutes from meetings held earlier this month. Fed Chairman Bernanke will hold his second press conference on Wednesday, and EU finance ministers will be meeting yet again on […] More
Foreign Exchange Insights and Next Week
Insufficient Underlying Support for the Dollar
June 17, 2011
When the dollar rises, demand has increasingly been driven by the fear of a euro break-up or some other development responsible for generalized risk aversion rather than improved confidence in the dollar itself. The persistent correlation between dollar appreciation and increases in global risk aversion has moreover weakened lately. In the period around the collapse […] More
New Overnight Developments Abroad - Daily Update
New Hope Regarding Greek Situation
June 17, 2011
Markets are showing a little less extreme risk aversion as the third week of June draws to a close. Former Greek Finance Minister Papconstantinou has been replaced by Defense Minister Venizelos, and Prime Minister Papandreou is believed likely to survive a confidence vote that will probably occur on Sunday. Plus there are rumors of progress […] More
