Investors are the most bullish on the dollar since the collapse of Lehman Brothers on speculation the U.S. economy will expand at a faster pace than in Europe and Japan, a survey of Bloomberg users showed. Sentiment toward the dollar climbed to 66.39 this month from 55.72 in February, according to the survey. The measure is a diffusion index, meaning a reading above 50 indicates Bloomberg users expect the dollar to strengthen. The dollar strengthened this month the most since May against the euro on concern Greece’s struggles to close the biggest deficit in the European Union as a percentage of gross domestic product will weigh on the region. The Federal Reserve will raise interest rates before the European Central Bank and Bank of Japan, according to the median estimate of more than 30 economists.
Canada’s dollar traded near the strongest level in almost two months against its U.S. counterpart as crude oil, the nation’s largest export, approached $82 a barrel. The Canadian currency was little changed after rising for nine straight days, the longest streak since 2004. The currency strengthened as much as 0.1 percent to C$1.0251 against the U.S. dollar, from $1.0261 yesterday, when it touched C$1.0236, the strongest since Jan. 15.
Today's Opening Rates (Mid-Rate) (as at 08:53 E.D.T.)
| EUR/USD | 1.3615 | USD/JPY | 90.40 | GBP/USD | 1.4943 | USD/CHF | 1.0740 |
| USD/CAD | 1.0250 | AUD/USD | .9170 | NZD/USD | .7078 | EUR/GBP | .9111 |
| USD/PLN | 2.8320 | USD/MXN | 12.610 | USD/DKK | 5.4640 | USD/SEK | 7.1350 |
Equity Indices (as at 08:53 E.D.T.)
| Dow Jones | 10,564 | FTSE | 5,608 | Nikkei | 10,563 |
| ISEQ | 3,004 | NASDAQ | 2,340 | |
Indicative Opening Deposit Rates
| Time Period |
$ Deposit |
Euro Deposit |
| 1 Week |
0.40 |
0.50 |
| 2 Week |
0.45 |
0.56 |
| 3 Week |
0.45 |
0.60 |
| 1 Month |
0.45 |
0.65 |
| 2 Month |
0.46 |
0.75 |
| 3 Month |
0.47 |
0.92 |
| 4 Month |
0.57 |
1.00 |
| 5 Month |
0.65 |
1.10 |
| 6 Month |
0.75 |
1.20 |
| 9 Month |
0.96 |
1.30 |
| 12 Month |
1.00 |
1.35 |
FOCUS
This week we will focus on
• Economic Indicators
• Euro land
If you require any previous copies of this publication, or would like a colleague to receive a copy, please contact us at:
Treasury@aibny.com
