Foreign Exchange Insights and Next Week
Next Week
March 23, 2012
Central banks hold credit policy meetings next week in Hungary, the Czech Republic, Israel, South Africa, Romania, and Turkey. Friday is the last day of the calendar quarter and Japan’s fiscal year. Typically, a considerable number of economic indicators are scheduled for release next week. Japan’s data calendar features the Bank of Japan’s quarterly business […] More
Foreign Exchange Insights and Next Week
In Search of New Foreign Exchange Equilibriums
March 23, 2012
Whether the euro looks resilient or weak depends on what comparisons to historical levels are chosen. Intuitively one expects this besieged money to be on the defensive. The Euroland economy is experiencing a recession. The debt crisis is at best in remission as attested by painfully high bond yield spreads with Germany. The Greek problem […] More
New Overnight Developments Abroad - Daily Update
Fragile End to a Fragile Week in Financial Markets
March 23, 2012
The euro is trading 0.4% higher at $1.3252 in spite of new evidence released yesterday that Europe is in recession. The dollar has also declined 0.6% versus the Swiss franc, 0.5% relative to the kiwi, 0.3% against sterling, and 0.2% versus the Aussie dollar. The Canadian dollar is exactly at parity against the greenback, which […] More
