It has been an extremely active week in the financial markets with the Dow falling over 500 points, the US…
Month: November 2007
Yen Surges on Carry-trade Unwinding
The greenback traded mixed on Friday after US stocks fell for a third day on continued worries about the financial…
New York Session Recap
Carry trade was front and center for the New York session. The blood letting began in Europe and New York…
Trade Balance Narrows Unexpectedly in September
The U.S. trade deficit narrowed to $56.5B in September from a positively-revised $56.8B in August. The real trade balance was…
Yen Surges On Risk Aversion
The yen rose sharply across the board on rising concerns over the credit market. The currency hit a 1
Foreign Exchange Market Daily Update
There is mixed news on the U.S. dollar front this morning ahead of the Veteran’s Day holiday weekend. Initially, the…
Dollar Firms on Carry Trade Unwind, but US Economic Outlook Worsens
The US dollar posted a modest rebound on the day’s trade, as a sharp sell-off in the Dow Jones Industrial…
Canadian Trade Stumbles in September
The unprecedented Canadian dollar appreciation has dampened the past performance and future prospects of Canadian exporters. This was clearly evident…