Archive for August 22nd, 2011

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