Archive for May 28th, 2014

Foreign Exchange Insights and Next Week

A Huge ECB Meeting Looms Ahead

May 28, 2014

From a euro high of $1.3993 on May 8 when the ECB Governing Council met this week to a low today of $1.3589, the euro has depreciated 2.9%, equivalent to a 3.0% recovery of the dollar against the common European currency.  Never mind that ECB officials for years have preached to markets that they never […] More

New Overnight Developments Abroad - Daily Update

Firmer Stocks, Dollar and Yen

May 28, 2014

Share prices have risen 1.0% in China and South Korea, 0.7% in New Zealnad and Taiwan, 0.6% in Hong Kong, 0.4% in Indonesia, and 0.3% in Australia.  In Europe, equities so far are up 0.8% in Italy, 0.3% in Spain, and 0.1% in Paris, London, Frankfurt and Zurich. The dollar is 0.1% softer against the […] More