Foreign Exchange Insights and Next Week
Current Accounts Matter, Too
November 9, 2015
Across-the-board improvement in last Friday’s U.S. labor market statistics lifted the dollar as high as 1.0706 per euro. That’s a net gain of over 6.0% since October 21. Expectations are now strong that the federal funds rate will be raised next month and that ECB monetary policy will be eased as well. It’s not often […] More
New Overnight Developments Abroad - Daily Update
Several Trade Reports and an OECD Semi-Annual Outlook
November 9, 2015
The dollar is mostly softer. Stocks are mostly lower, but gold, oil, and some bond yields are up. The dollar depreciated overnight by 0.4% against the euro and kiwi, 0.3% versus sterling and the Swiss franc, and 0.2% relative to the loonie and Aussie dollar. The U.S. currency, in contrast, rose 0.2% against the yen […] More
