Foreign Exchange Insights and Next Week
Dollar Soft in Spite of Risk Aversion
August 22, 2011
The Swissie and yen at 14:40 GMT were 48.8% and 21.2% stronger than their 2010 lows against the dollar and 18.0% and 4.5% above last year’s highs. The kiwi and Aussie dollar were 3.5% and 1.8% stronger against their U.S. counterpart than at their best 2010 levels, and the U.S. currency was less than one […] More
Central Bank Watch
Monetary Tightening Paused in Colombia
August 22, 2011
In the face of intensifying global uncertainties, officials at the Central Bank of Colombia retained a 4.5% key overnight interest rate. Most analysts were looking for a seventh consecutive monthly tightening. The cyclical low of 3.0% had been maintained from end-April 2010 until an initial hike this past February, which was followed with increases in […] More
New Overnight Developments Abroad - Daily Update
Another Record High for Gold
August 22, 2011
Gold prices are up 1.7% on balance after spiking earlier to $1894.80. At the high, such was 19.4% above its level on July 21. Strong gains were also registered in other precious metal prices overnight. The data calendar today is very thin. Markets are calm so far. Weekend press was filled with speculation about a […] More
