Summary
Equity market volatility, occasionally translating into currencies, has masked the desultory trading of the dollar against euro and the yen since the beginning of May. On the first of that month the euro closed at 1.1199, five months later September 25th it ended at 1.1195. On May 1st the yen traded at 120.15 against the dollar, last Friday it finished at 120.59. The Dollar Index has been similarly becalmed, opening May at 95.297 and concluding last week at 96.269, a bare 1 percent move. The movers have been commodity currencies and emerging markets. The Brazilian Real has lost 29 percent of its dollar value since May 1st, the Canadian Dollar 10 percent, the Australian Dollar 11 percent, the Mexican Peso 9 percent and the JP Morgan Emerging Markets Currency Index is off 11 percent. Has the commodity crash run its course or is a new collapse coming as China faces a slowdown of unknown proportions? What trends old or new are likely to run through the end of the year? Join us for an examination of currency market prospects for the coming quarter.Latest Live Videos
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