Foreign Exchange Insights and Next Week
Next Week
January 13, 2012
The third week of January kicks of with the Martin Luther King Holiday in the United States and includes central bank meetings in Canada and Mexico. Canada will publish its quarterly Monetary Policy Report, while the ECB monthly Bulletin also arrives. ECB President Draghi and Bank of England Governor King speak publicly; policy changes were […] More
Foreign Exchange Insights and Next Week
Euroland Needs Further Euro Depreciation
January 13, 2012
The euro area is in a recession that European Central Bank officials think and hope will prove much milder than the last one. However, growth risks are skewed substantially to the downside, and all other parts of the world are enjoying positive growth. It is natural in light of this contrast for the euro to […] More
New Overnight Developments Abroad - Daily Update
No Trouble So Far This Friday the 13th
January 13, 2012
There’s a good buzz in the market about the success of recent European bond auctions. More auctions today in Italy were well subscribed and resulted in lower yields. The yields on 10-year German bunds, British gilts and Japanese JGBs slipped by four, two and one basis points. The Paris Cac, German Dax and British Ftse […] More
