Foreign Exchange Insights and Next Week
Next Week
March 2, 2012
A very active week lies ahead from both the standpoint of scheduled interest rate policy meetings and release of potentially market-moving data. Central bank meetings are planned in Euroland, Poland, the U.K., Canada, Brazil, Peru, Malaysia, Indonesia, New Zealand and Australia. GDP data will be released for Euroland, Japan, Australia, Greece, Iceland, Portugal, the Czech […] More
Foreign Exchange Insights and Next Week
Something Different in Forex to Watch
March 2, 2012
It’s no understatement that the financial world has been single-mindedly obsessed over the last two years with Europe’s dysfunctional politics and accident-prone economy. This vigil has engulfed currency markets along with many other market communities. In the last month or so, however, two different themes have moved to center stage. The first is a possible […] More
New Overnight Developments Abroad - Daily Update
Firmer Dollar as EU Leaders Meet in Brussels
March 2, 2012
The dollar strengthened overnight by 0.6% against the kiwi, 0.5% relative to the yen and euro, 0.4% against the Swiss franc, 0.3% versus the Aussie dollar, 0.2% against sterling and 0.1% versus the Canadian dollar. The yuan is steady. Dollar/yen has advanced for four straight weeks. Stocks rose in Asia but are marginally softer in […] More
