Foreign Exchange Insights and Next Week
Next Week
July 19, 2013
Central bank interest rate policy meetings next week are scheduled in Hungary, the Philippines, Turkey and New Zealand. Voters in Japan select their representatives in the upper chamber of parliament. The Abe government also releases its July economic assessment. Scheduled U.S. economic data releases cover existing and new home sales, the Richmond and Kansas City […] More
Foreign Exchange Insights and Next Week
Diverse Movements in Foreign Exchange
July 19, 2013
Great stability around the $1.30 level continues to characterize the key EUR/USD relationship. Coming into 2013, the euro was expected to trade considerably weaker than this threshold. For the past several years, in fact, there have been analysts predicting a return to par, based on Europe’s relatively weak economy, the fragility of Europe’s banks, and […] More
New Overnight Developments Abroad - Daily Update
Equities Closing Week on a Down Note
July 19, 2013
Microsoft and Google reported weaker-than-expected earnings, sending both stocks lower in after-hours trading. Japan’s upper house election on Sunday and ongoing worries about the extent of China’s slowdown are other uncertainties. In his reprised testimony before the senate Thursday, Fed Chairman Bernanke continued to send a mixed, and therefore somewhat confusing, message. While not backing […] More
