Foreign Exchange Insights and Next Week
Next Week
July 29, 2011
The main events next week will be The House of Representatives debt ceiling deadline on Tuesday. Scheduled central bank meetings in Australia, Japan, the Czech Republic, Romania, the U.K. and the euro area. The release of many purchasing manager surveys covering manufacturing, construction and service-sector activity. The gauntlet of U.S. labor market data: the ADP […] More
Foreign Exchange Insights and Next Week
Debt Problems and the Currencies
July 29, 2011
Currency markets have always spent a lot of time waiting for things to happen. Like a dog with a bone, markets focus on little else until potential game-changing events move from the future into the past, and then they search for a new obsession. The results at times are less important than removal of a […] More
New Overnight Developments Abroad - Daily Update
Fire and Rain: Data Deluge and Debt Frustration
July 29, 2011
Still lacking enough votes to pass, the U.S. House of Representatives postponed Thursday’s debt ceiling vote. Moody’s placed Spain’s Aa2 sovereign debt rating on review for a possible downgrade. The dollar is higher, not lower, on generalized risk aversion. It has advanced 0.7% against the euro, 0.6% versus the Aussie dollar, and 0.5% against the […] More
