Archive for May 16th, 2014

Foreign Exchange Insights and Next Week

Next Week

May 16, 2014

Interest rate policy meetings are scheduled next week by central banks in Japan, Turkey, South Africa and Iceland.  Minutes of the last FOMC and Bank of England meetings will be published.  Three of the Fed officials speaking publicly next week are Yellen, Kocherlakota and George. Canada will be closed Monday for Victoria Day.  U.S. markets […] More

New Overnight Developments Abroad - Daily Update

Yen and Rupee Firm

May 16, 2014

The yen remains well-bid to the detriment of Japanese stocks.  The Nikkei lost 1.4% overnight.  The yen touched highs of 138.78 per euro and 101.39 per dollar. In Indian lower house elections, a coalition headed by the pro-business Bharatiya Janala Party won 60 more seats than needed to secure a majority.  This was the most […] More