Foreign Exchange Insights and Next Week
Updating a Note Posted in December 2015 on Yearend Seasonality of the Dollar
December 16, 2019
In the early years after the United States adopted flexible dollar exchange rates in March 1973, the U.S. currency an astonishingly consistent pattern of depreciation against the mark during the second half of each December, dropping in thirteen out of fourteen years in one stretch. Like the euro now, the mark was then Europe’s predominant […] More
New Overnight Developments Abroad - Daily Update
Late 2019 Equity Rally Extended
December 16, 2019
Last week’s apparent Phase I trade agreement between the United States and China continued to fuel a rally in global stocks this Monday. Share prices are up 2.6% in the U.K., 1.4% in France, and 1.0% in Germany, and markets close up 1.6% in Australia and 0.6% in China. The Hong Kong and Japan markets […] More
