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Week ending 24 October 2008
The safe haven flow of funds, from collapsing emerging markets to the U.S., continued full strength. With the global slowdown looming bigger and rougher than previously anticipated, currency markets are equalizing from USD multi-year lows, and only the yen’s appreciation through the unwinding of carry trades could top it. The VIX […]
Week ending 17 October 2008
Although credit markets began thawing, there is no suggestion of normalcy and economic growth continues to stall worldwide. Currencies consolidated within new levels and volatility remains high.
The Westpac-MI leading index for August fell −0.1% with annual growth slowing to 2.5%, below trend of 4.0%, and the September NAB business confidence measure […]
