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
