Foreign Exchange Insights and Next Week
Whipsawed Beyond All Recognition
May 5, 2015
The dollar is one of many financial market prices caught up in a period of intense oscillation. Over the past five trading days, the DOW fell 1.6%, recovered 1.9%, and declined over 1.2%. After declining from 0.39% on March 6 to 0.07% on April 20, the 10-year German bund yield rebounded to 0.51% today. The […] More
New Overnight Developments Abroad - Daily Update
Concern Reintensifies about Greek Debt
May 5, 2015
Greek share prices fell 3.5%, and the Greek 10-year sovereign debt yield jumped 22 basis points. New quarterly GDP forecasts released by the European Commission revised projected Greek growth in 2015 to 0.5% from 2.5% previously but bumped up the eurozone projected growth rate to 1.5% from 1.3%. Growth is expected to reach 3.6% in […] More
