Foreign Exchange Insights and Next Week
Next Week
December 30, 2011
Most markets throughout the world will be closed Monday, January 2nd to observe the New Year’s holiday, and Japan stays closed on Tuesday as well. The Czech and Romanian central banks will be holding interest rate policy meetings, and minutes from this month’s FOMC meeting are being published. Purchasing manager survey results for December will […] More
Foreign Exchange Insights and Next Week
Curtain Rising on 2012
December 30, 2011
Currency movements in the opening weeks of the year tend to be volatile and favor the dollar. During the 26 Januarys from 1976 through 1998, the dollar advanced against the mark eighteen times between December 31 and January 15. The average absolute move in dollar-mark was 2.1%, with a 1.1% net mean change including the […] More
New Overnight Developments Abroad - Daily Update
Slightly Softer Dollar on Final Trading Day of 2011
December 30, 2011
The dollar depreciated overnight by 0.3% against the yen and both Aussie and New Zealand dollars. It also eased 0.1% against the Swiss franc and was fixed in China at CNY 6.3009, its softest fixing since the July 21, 2005 revaluation of the yuan. However, the greenback edged 0.1% higher against the euro and appears […] More