Foreign Exchange Insights and Next Week
Currency World at First Quarter-end 2012
March 30, 2012
From a government perspective, chronic currency appreciation is undesirable. In the quarter now ending, officials in Japan, China, and Switzerland did their utmost to keep a lid on the yen, yuan, and franc. A drop in the yen of more than 6% against the dollar helped lift Japan’s Nikkei-225 by 19.3% in the quarter, some […] More
New Overnight Developments Abroad - Daily Update
Big EU Meeting as First Quarter Ends
March 30, 2012
The dollar is softer at the New York opening on this final day of the calendar quarter with drops of 0.5% against the kiwi, 0.4% versus the yen and Swissie, 0.3% relative to the euro and sterling, 0.2% against the yuan and 0.1% against the Australian dollar. Stocks performed better than earlier this week. Equities […] More
