Foreign Exchange Insights and Next Week
Next Week
November 18, 2011
Next week will be holiday-shortened, with Japan closed Wednesday for Labor Thanksgiving and the United States shut Thursday for Thanksgiving. Spanish voters are expected to elect a new Conservative government on November 20. The Federal Reserve, Bank of Japan and Bank of England will be publishing minutes from the prior meeting, and Turkey holds a […] More
Foreign Exchange Insights and Next Week
Thanksgiving Week 2011
November 18, 2011
Currency markets next week will be contending with the still unfolding euro debt crisis as well as the peculiarities of the U.S. Thanksgiving Holiday closure. During Europe’s crisis, which began its third year this month, conventional wisdom has felt that currency movement was only weakly related to national economic fundamentals and instead dominated by frequent […] More
New Overnight Developments Abroad - Daily Update
Europe Burning… and Draghi No Help
November 18, 2011
Although the dollar has given back some gains, stock markets in Asia and Europe tell the story of a euro debt crisis that’s still raging and threatening to drag the rest of the world down with it. The dollar fell overnight by 0.7% against the Swissie, 0.5% versus sterling, 0.4% relative to the euro, 0.3% […] More
