Foreign Exchange Insights and Next Week
Next Week
September 9, 2011
Central bank meetings are scheduled next week in Switzerland, India, and New Zealand. The Bank of Japan releases meeting minutes. The U.S. will be releasing many potentially market-moving data, notably retail sales, industrial production, the Empire State and Philly Fed manufacturing indices, the U. Michigan preliminary consumer sentiment gauge for early September, the small business […] More
Foreign Exchange Insights and Next Week
Growing Dollar Confidence
September 9, 2011
Simply put, the dollar is performing better. It posted solid gains against commodity-sensitive currencies in August, climbing 3.0% against the kiwi, 2.8% versus the Australian dollar, and 2.2% relative to the Canadian dollar. As of 15:10 GMT today, those advances had been so far extended in September by another 3.7%, 2.1%, and 1.7%, respectively. The […] More
New Overnight Developments Abroad - Daily Update
A Buoyant Dollar as G7 Meets
September 9, 2011
The dollar is showing net gains of 0.6% against the Swissie, 0.5% relative to the euro and Australian dollar, 0.4% versus the Canadian dollar, 0.3% against the yen and kiwi, and 0.1% versus the yuan and sterling. The euro hit a six-month low of $1.3787 but is trading comfortably above the CHF 1.2000 line in […] More
