Foreign Exchange Insights and Next Week
A Decent Month for Both the Dollar and Euro
May 30, 2013
The dollar strengthened a tad less than one percent against the euro in May, but both currencies seem poised for respectable net appreciation against most other currencies, especially ones that are sensitive to commodity price swings. So far this month against the greenback, the Australian dollar has lost almost 7%. The kiwi has dived over […] More
Deeper Analysis
U.S. GDP Expanding Too Slowly to Pose Major Threat of Inflation
May 30, 2013
Between the first quarter of 2012 and the first quarter of 2013, U.S. real GDP, nominal GDP, and the core personal consumption expenditure price deflator rose by 1.8%, 3.4%, and 1.3%. Each of these increases was historically low and down from respective advances of 2.4%, 4.4%, and 1.9% in the previous statement year to 1Q12. […] More
New Overnight Developments Abroad - Daily Update
Japanese Market Volatility Intensifies
May 30, 2013
The more Japanese officials express unconcern, the uglier the mood of the markets there becomes. The Nikkei-225 plunged another 5.2% to 13,589, 13% below its May 22 closing level. Compared to its low that day of 103.74 per dollar, the yen’s high today of 100.46 constituted an appreciation of 3.3%. The 10-year JGB yield fell […] More
