Foreign Exchange Insights and Next Week
Next Week
October 28, 2011
The FOMC and ECB Governing Council both meet next week, each event offering the possibility but not certainty of new stimulus. Fed Chairman Bernanke will hold a post-meeting press conference, and Mario Draghi will preside over his first ECB press conference. Central bank interest rate decisions will also be made by the Reserve Bank of […] More
Foreign Exchange Insights and Next Week
Lessons from an Eventful Week
October 28, 2011
In the final week of October, Euroland leaders at least managed to agree on something, but the substance of the agreement left virtually all analysts still very concerned about the region. A significantly stronger U.S. growth rate in 3Q than the first half was meanwhile confirmed. Quantitative easing by the Bank of Japan was expanded, […] More
New Overnight Developments Abroad - Daily Update
Euphoria Dissipating
October 28, 2011
Markets today show a lack of follow-through after Thursday’s euphoric relief rally. The dollar recovered 0.4% against the Australian dollar, 0.3% versus the kiwi and Swissie, and 0.1% against the euro. The greenback has slipped 0.1% against sterling and the yen and is steady against the loonie and yuan. Asian stocks enjoyed further sizable gains […] More
