Foreign Exchange Insights and Next Week
Sterling on the Rocks
October 11, 2016
From a high of $1.5019 on the day of the June Brexit referendum to a low of $1.1807 last Friday, sterling fell over 21% in less than four months. Concern about Brexit’s short- and long-term possible damage to the British economy and political stability were the cause of this still on-going correction. It remains to be […] More
New Overnight Developments Abroad - Daily Update
Across-the-Board Dollar Strength
October 11, 2016
A well-bid dollar this Tuesday reflects mounting confidence the Fed will soon raise interest rates, a belief that the U.S. economy is sufficiently resilient to handle monetary tightening, and presidential opinion polls indicating a wider lead for Clinton. Dollar strength has been accompanied by share price gains in Europe, softer emerging market stock markets, higher […] More
