Foreign Exchange Insights and Next Week
Next Week
July 6, 2012
Central bank interest rate policy meetings are scheduled next week in Brazil, Japan, Indonesia, South Korea and Peru, plus minutes from the last FOMC meeting will be released. Evans, Williams, Dudley, Bullard and Lockhart of the Fed have public speaking engagements. So does ECB President Draghi and Posen and Tucker of the Bank of England. […] More
Foreign Exchange Insights and Next Week
Euro Sliding in Tandem with Pessimism about Global and Regional Growth
July 6, 2012
The euro fell more than 2% this past week against the dollar amid deepening gloom about the outlook for growth in the second half of 2012 and next year. The euro had been vulnerable in the second quarter on the possibilities of Grexit and other ruptures in the common currency arrangement. Even though the summit […] More
New Overnight Developments Abroad - Daily Update
Dim Views about Future Growth
July 6, 2012
At 12:30 GMT (08:30 EDT), U.S. and Canadian labor statistics will be released. Many analysts over the past 24 hours have revised projected U.S. jobs growth upward because of yesterday’s better-than-assumed ADP estimate of private-sector employment. At the same time, easier monetary policies by the ECB, People’s Bank of China, and Bank of England have […] More
