Deeper Analysis
May in Figures
May 31, 2013
May was a difficult month for commodity-sensitive currencies and ten-year fixed income securities. The U.S. dollar rose against most currencies between the start and end of May. Abenomics, a Japanese policy strategy to keep long-term interest rates low, boost share prices and counter upward pressure on the yen, was challenged in May, which saw the […] More
Foreign Exchange Insights and Next Week
Next Week
May 31, 2013
The first week of June will be dominated by the release of more than fifty separate purchasing manager surveys from around the world covering the manufacturing, services and for Britain, Australia and Germany construction. These are timely, broad-based sources of economic information about demand, production, inventory management, hiring, and prices. A second major focus in […] More
New Overnight Developments Abroad - Daily Update
May Ending in a Risk Averse Mood
May 31, 2013
Commodity-sensitive currencies had a difficult session. The New Zealand dollar dipped below $0.8000 for the first time since September 6, 2012. It fell as low as USD 0.7973 and is 1.0% weaker on balance. The Australian and Canadian dollars have slipped 0.8% and 0.5% against the greenback, which also has appreciated by 0.4% against the […] More
