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
