Foreign Exchange Insights and Next Week
Will Currency Logjam Break Up in May?
April 27, 2012
The dollar fell modestly against the euro and Swiss franc during the last full calendar week of April, a bit over 0.5% against the British and Australian currencies, and slightly more than 1.0% relative to the Canadian dollar and Japanese yen. Since the start of the year, the dollar has eased by 5.0% or less […] More
Central Bank Watch
Bank of Japan Expands Quantitative Easing
April 27, 2012
After a one-day meeting lasting three hours and 42 minutes, the Bank of Japan announced a smaller net 5.0 trillion yen expansion of its Asset Purchase Program than many analysts had expected and hoped to see. Compositional changes also were unveiled that will lengthen the maturity of the asset portfolio and put additional downward pressure […] More
New Overnight Developments Abroad - Daily Update
More Disappointing News
April 27, 2012
S&P downgraded Spanish debt by two notches to BBB+ from an A rating previously and assigned a continuing negative outlook to such. Spanish unemployment jumped from 22.85% in 4Q11 to 24.44% last quarter, which was only a smidgen less than the historical high point. Spanish retail sales volume was 3.7% below a year earlier in […] More
