Archive for July 16th, 2019

Foreign Exchange Insights and Next Week

Currency World at Midsummer

July 16, 2019

The unofficial summer season occupies the period between the U.S. Memorial Day and Labor Day holidays, and the start of this week marked the midpoint of that interlude. This period when market participants take their longer vacations can be a time of discontinuity that lends itself to currency market volatility and trading that is less […] More

New Overnight Developments Abroad - Daily Update

Stronger Dollar

July 16, 2019

The dollar strengthened overnight by 0.9% against sterling, 0.6% relative to the peso, 0.4% versus the euro and Swiss franc, 0.3% vis-a-vis the yen, 0.2% against the Aussie dollar and 0.1% versus the kiwi. In other euro cross-rate developments, sterling weakened to a half-year low against the common currency, but the Swiss franc is hovering […] More