Archive for July 9th, 2014

Foreign Exchange Insights and Next Week

ECB Has Nobody to Blame But Self for Euro’s Buoyancy

July 9, 2014

The European Central Bank cut interest rates and unveiled plans for a targeted LTRO initiative in early June in order to avert deflation and ensure that the prolonged period of sub-target inflation in the euro area doesn’t drag down long-term inflation expectations, which officials insist remain well anchored near target.  In that month’s press conference, […] More

New Overnight Developments Abroad - Daily Update

Quiet ahead of the Release of FOMC Minutes

July 9, 2014

The dollar was unchanged overnight against the euro, Swissie, and Australian dollar.  China’s yuan also shows no net change but was fixed at its firmest level since the first trading day of July.  The U.S. currency has risen 0.1% relative to the yen, loonie and sterling but dipped 0.2% vis-a-vis the kiwi. Pacific Rim stock […] More