Foreign Exchange Insights and Next Week
Next Week
June 22, 2012
The highlight of the coming week will be the Thursday-Friday summit of EU leaders. Central banks in Hungary, the Czech Republic, Romania and Israel hold policy meetings. This is the final week of June and the second quarter, and it is very crowded with scheduled data releases. The U.S. statistical calendar shows the Chicago Fed […] More
Foreign Exchange Insights and Next Week
Euro’s Slide as Debt Crisis Continues has been Orderly
June 22, 2012
Major matters are at stake in the euro crisis that is now nearly three years old, and most people and institutions dealing with the mess have been cast in an unflattering light. The broader world community, not just financial markets, are deeply frustrated with the European problem. So all things considered, the key EUR/USD relationship […] More
New Overnight Developments Abroad - Daily Update
Stocks Down but Currencies Steady
June 22, 2012
At the end of a Thursday that saw global equities decline sharply, Moody’s announced that it was downgrading the credit rating of 15 money center U.S. and European banks. Then today came news of a 1.6-point additional drop in the IFO index of German business confidence. Stocks in Asia and Europe have lost more ground […] More
