Swissie Weakens, Commodity Currencies Strengthen, and Irene Not as Bad as Feared

August 29, 2011

The U.S. dollar rose 1.1% against the Swiss franc but lost 0.6% against the Canadian dollar, 0.7% relative to the kiwi and 0.4% against the Aussie dollar.  Other dollar relationships are pretty steady, with dips of 0.1% against the euro, yuan and sterling and no change in the yen. Britain is closed for a late […] More

Spotlight on Bernanke Speech at 14:00 GMT (08:00 Local Time)

August 26, 2011

Investors await Fed Chairman Ben Bernanke’s breakfast speech at the Jackson Hole Annual Symposium.  He’s not expected to announce a major policy initiative.  Revised U.S. GDP 2Q data are due at 12:30 GMT, with the consensus being that growth will get revised down from the preliminary estimate of 1.3% to 1.0% or less.  The U. […] More