Foreign Exchange Insights and Next Week
Does America’s Presidential Choice Matter to the Dollar?
September 7, 2012
Currency traders are watching several developments, but the three matters that are drawing most attention are next week’s FOMC meeting, the U.S. presidential election campaign, and the ECB’s ramped-up defense of the euro. The first and second of these issues are related. The election race can be a constraint on the timing of Fed reaction […] More
New Overnight Developments Abroad - Daily Update
Markets Reacting Well to Draghi Unlimited Yet Conditional Bond Buying Commitment
September 7, 2012
Equities in the Pacific Rim jumped by 4.5% in China, 3.1% in Hong Kong, 2.6% in South Korea, 2.2% in Japan, 2.0% in India, 1.0% in Indonesia and the Philippines, and 0.8% in Australia and Singapore. Australia’s market only firmed 0.3%, by comparison. In Europe, stocks are up 2.2% in Italy, 1.1% in France, 0.9% […] More
