Foreign Exchange Insights and Next Week
Next Week
August 24, 2012
Investors will pay particular attention next week to continuing key bilateral meetings among EU leaders such as talks between Italian Prime Minister Monti and German Chancellor Merkel on Wednesday and to developments at the Jackson Hole central banking Symposium at which Fed Chairman Bernanke speaks on Friday and ECB President Draghi addresses on Saturday, September […] More
Foreign Exchange Insights and Next Week
ECB Holds Near-Term Key
August 24, 2012
What a difference a month makes! The euro hit a low for the move on July 24th of $1.2041, seemingly bent on a rendezvous with its June 7, 2010 trough of $1.1878. The experiment of a common currency, a one-size-fits-all monetary policy, but 17 autonomous fiscal policies was tangled up in a world of hurt […] More
New Overnight Developments Abroad - Daily Update
New Frustrations over Global Growth
August 24, 2012
Share prices continue to be depressed by growth prospects in China, Europe, and the United States. Investors wonder what central banks might do to promote activity. The People’s Bank of China did not cut interest rates or reserve requirements overnight. A key focus next week are the speeches at the Jackson Hole Symposium of Fed […] More
