Foreign Exchange Insights and Next Week
The Dollar in Years When a New President Is Inaugurated
January 17, 2017
In February 1973, the second dollar devaluation in 14 months failed to stem heavy speculative downward pressure on the U.S. currency. Just a couple of weeks later, fixed exchange rates imposed by rigidly automatic central bank intervention were ended against the currencies of other advanced economies. A new system of floating exchange rates was born, […] More
New Overnight Developments Abroad - Daily Update
Strengthening Pound and Gold, Weakening Dollar and Stocks
January 17, 2017
British Prime Minister Theresa May delivered a speech on Brexit that Rejects any residual partial association with the European Union, Prioritizes total control over immigration above special rights to the single market, Informs that an all-out arrangement for the U.K. would leave it in position to negotiate trade separate trade deals with all countries. Hopes […] More
