Archive for June 26th, 2013

Foreign Exchange Insights and Next Week

Bernanke Bombshell Plus a Week

June 26, 2013

The impact on the dollar lingers even though the Fed’s provocatively hawkish message has been tempered by the subsequent comments of other Fed officials and by today’s revised first-quarter U.S. GDP estimates.  At this hour, precisely a week has elapsed since the FOMC statement was released.  On balance over this week, the dollar is holding […] More

New Overnight Developments Abroad - Daily Update

Mixed Dollar Ahead of GDP Release and 5-Year Treasury Auction

June 26, 2013

The dollar rose overnight by 0.4% against the euro and sterling, 0.2% relative to the Swiss franc and kiwi and 0.1% against the yuan.  The dollar also lost 0.4% versus the Canadian dollar and yen and 0.5% against the Australian dollar. Chinese money markets are showing less strain but still not back to normal. Former […] More