Foreign Exchange Insights and Next Week
Next Week
July 8, 2011
Chinese data on consumer prices, producer prices, money and bank lending growth, industrial production, retail sales, fixed asset investment, and real GDP will be released next week. Policymakers at the Bank of Japan, Bank Indonesia and Bank of Korea will hold interest rate meetings, and Fed Chairman Bernanke delivers Humphrey Hawkins testimony before the House […] More
Foreign Exchange Insights and Next Week
G-7 Economies in Crisis
July 8, 2011
The euro area’s sovereign debt crisis began in mid-November 2009 when Eurostat, the EU statistical agency, revised Greece’s fiscal deficit sharply higher. The crisis has been a tale of contagion to other peripheral members of the common currency area, repeated aid packages to cauterize the problem, sky-high peripheral bond yields, and the mounting belief that […] More
New Overnight Developments Abroad - Daily Update
Ezone Default Fears Mount Ahead of U.S. Jobs Report
July 8, 2011
Investors are watching two shows today. Mounting concern that Euroland’s peripherals will default are reflected in a stronger German bund and weaker peripheral bonds. The Italian minus German 10-year bond spread reached its greatest width since July 2002, and the euro has depreciated 0.7% against the dollar. Meanwhile, optimism about the U.S. employment figure, due […] More
