Archive for December 16th, 2019

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, theĀ  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 agreementĀ  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