Archive for January 23rd, 2014

Foreign Exchange Insights and Next Week

Currency Reflections on a Wintry Day

January 23, 2014

Optimism about U.S. growth prospects continues to mount, and many currency watchers have been awaiting just such a sign as the needed catalyst for a significant rise in the dollar against its main rival, the euro.  Canadian monetary officials just raised their projected 2014 U.S. growth rate by a half percentage point to 3.0%.  That […] More

New Overnight Developments Abroad - Daily Update

Weaker Canadian, Australian and U.S. Dollars

January 23, 2014

The U.S. dollar rose overnight by 1.0% against the Aussie currency and 0.6% versus the loonie but is down 0.9% relative to the Swiss franc, 0.3% against the yen and euro and 0.1 vis-a-vis sterling.  The kiwi dipped 0.1%, and the yuan is steady. Preliminary euro area purchasing manager January survey results are somewhat better […] More