Archive for May 24th, 2022

Foreign Exchange Insights and Next Week

Dollar at a Crossroads

May 24, 2022

In contrast to the past year of methodical appreciation, one can conjure up vastly divergent dollar performances over the year ahead. From lows in May 2021 to highs earlier this month, the U.S. currency climbed about 17% in weighted terms, 23.7% against the Japanese yen, 18.5% versus the euro and 17.2% relative to sterling. Many […] More

New Overnight Developments Abroad - Daily Update

Equities in Fresh Selling Wave… And Dollar Less Sturdy

May 24, 2022

Stock markets in the Pacific Rim tumbled Tuesday by 2.4% in China, 1.8% in Hong Kong, 1.6% in South Korea, 1.2% in Taiwan, and 0.9% in Japan. The German Dax and Paris Cac have lost 0.7% and 0.8%, and the tech sector is leading a similar drop of key U.S. equity futures. Snap Inc plunged […] More