Foreign Exchange Insights and Next Week
Next Week
March 9, 2012
Central bank interest rate policy meetings are scheduled next week in the United States, Japan, Switzerland, Norway and Mexico. The ECB and Bank of Japan will be respectively publishing the monthly Bulletin and minutes from a prior meeting. In the United States clocks will be moved forward one hour to Daylight Savings Time on Sunday […] More
Foreign Exchange Insights and Next Week
Dollar Often Trades like its from a "Bizarro World"
March 9, 2012
An article by Alice Ross in Thursday’s Financial Times blames this year’s significantly diminished currency market turnover on the dollar’s choppiness and the persistence of its counter-intuitive movement. In truth, currency forecasting has never been straight-forward partly because the arena of foreign exchange reflects a multitude of factors, many of which lie in the realm […] More
Deeper Analysis
Today’s U.S. and Canadian Data
March 9, 2012
The United States and Canada each reported jobs and trade statistics this morning. The U.S. February labor market report was encouraging in most respects, while Canada’s was disappointing for a fourth straight month. U.S. unemployment as expected held at 8.3%, which is an improvement nonetheless of 0.6 percentage points (ppts) from October and 1.2 ppts […] More
Central Bank Watch
Bank Negara Malaysia
March 9, 2012
A mixture of factors are keeping Malaysian monetary policy on hold. Bank Negara Malaysia’s overnight policy interest rate has been at 3.0% since May 2011 following four 25-basis point increases administered that month and earlier in March, May and July of 2010. A statement from Malaysia’s central bank notes A better global economic and financial […] More
New Overnight Developments Abroad - Daily Update
Greek Public Sector Involvement Debt Swap Secures 95.7% Participation
March 9, 2012
The dollar is trading higher by 0.5% against the euro, 0.4% versus the Swissie, 0.3% relative to the Canadian and Australian dollars, and 0.2% versus the yen, kiwi and sterling. The yuan is steady and softer than 6.3100 per dollar. Share prices advanced solidly in Asia but show scant net change in Europe. Equities climbed […] More
