Foreign Exchange Insights and Next Week
Now and a Year Ago
March 8, 2016
In trade-weighted terms, the dollar, euro, and yen are each stronger now than a year ago. The yen’s year-over-year gain of 6.8% is considerably greater than the euro’s rise of 1.9% or the dollar’s of 0.9%. The dollar based on expected divergent monetary policies was expected to have performed much better than it did. On […] More
New Overnight Developments Abroad - Daily Update
Dismal Economic Data Depressed Sovereign Debt Yields
March 8, 2016
Ten-year sovereign debt yields fell overnight by ten basis points in the U.K., four bps in Japan, three bps in Germany, and six bps in U.S. Treasury futures. The 10-year Japanese JGB touched a record low of -0.10%. A second estimate of fourth-quarter real GDP was released for both the eurozone and Japan. Euroland’s growth […] More
