Foreign Exchange Insights and Next Week
Currency Paradox
March 21, 2013
The dollar and euro are natural rivals. The dollar and euro are the two most influential currencies in the world, a fact reflected in their one and two standings in reserve asset portfolios. In the arena of foreign exchange, one currency’s rise in a bilateral relationship is tautologically the other’s decline. Worsening general sentiment […] More
New Overnight Developments Abroad - Daily Update
Disappointing Economic Data from the Euro Area and Japan
March 21, 2013
Risk appetite is down. The Cypriot banking crisis continues to fester. Preliminary Ezone PMI readings for March were troubling. Japan posted a record customs clearance trade deficit, and its all-industry index fell more than 1% in January. British retail sales and New Zealand GDP released figures were bright spots, however. Equities in Europe have dropped […] More
