Archive for November 15th, 2012

Foreign Exchange Insights and Next Week

Currencies Not the Main Market Attraction

November 15, 2012

Economic conditions still look bleak in the United States, Euroland, Britain and Japan a little more than five years after the start of the global financial crisis.  Between the third quarters of 2007 and 2012, real GDP climbed only 0.5% per annum on average in the States, while sliding at a 0.3% annual rate in […] More

New Overnight Developments Abroad - Daily Update

Yen at Six-Month Low; Euroland GDP Fell Modestly in 3Q

November 15, 2012

A lot of European data were released, but today’s main currency movement belongs to the yen. Dollar/yen rose 1.1% to a 6-month high of 81.16.  The greenback rose 0.4% against the Aussie dollar but slipped 0.2% relative to the euro, Swiss franc, and loonie.  Sterling is unchanged, and China’s yuan is softer. Stocks in the […] More