Archive for June 17th, 2014

Deeper Analysis

FOMC Preview

June 17, 2014

In the seven weeks since the last FOMC meeting at end-April, geopolitical tension have lifted the price of West Texas Intermediate crude oil by 7.4%.  The dollar has appreciated 2.4% against the euro but is essentially flat relative to the yen.  On balance, 10-year Treasuries and the Dow Jones Industrials likewise hardly changed on net.  […] More

New Overnight Developments Abroad - Daily Update

RBA Minutes Depress Australian Dollar in Otherwise Quiet Morning

June 17, 2014

The Australian dollar declined 0.4% against its U.S. counterpart.  Minutes from the central bank’s June 3 meeting contained a more sober view of economic growth prospects, satisfaction that inflation will stay in target, and the continuing assertion that Australia’s exchange rate is stronger than warranted. The U.S. currency otherwise is is uchanged against the euro, […] More