One of the most dominant trends in the financial markets in the first half of 2008 has been relentless US dollar weakness. Not only did the movements in the greenback impact the values of many currencies around the world, but the dollar has also contributed significantly to the rally in…
The Japanese Yen saw a clear reversal of fortunes in the second quarter, as the previous darling of tumultuous financial markets lost ground when global turmoil began to ease. The low-yielding currency had previously rallied strongly on what was a clear de-leveraging across risky asset classes, but a return to…
The second quarter of 2008 marked yet another extended period of consolidation for the British pound as the currency simply range traded between 1.94 and 1.98 for the majority of the time.
The slowdown in the U.S. and a weakening European economy are beginning to weigh considerably on Swiss growth. Furthermore, inflation concerns continue to mount as energy and raw material costs reached record highs during the past quarter.
Following a rapid appreciation amid the subprime-fueled dollar selloff, the Canadian dollar settled into a range against its US counterpart, oscillating around parity between 1.0360 and 0.9740. This is not surprising given that nearly 80% of Canadian exports are destined for the US market, making Canada highly sensitive to the…
Despite an ominous sense of uncertainty over the health of the credit markets, fading global growth and narrowing interest rate differentials, the Australian dollar managed to close out the second quarter at fresh 24-year highs against the benchmark US currency.
on Your First Move For Tuesday January 27th
