Currency Markets in the News
Bank of Japan Preview
March 16, 2009
Press reports in Japan have surfaced that the Bank of Japan, which meets Tuesday and Wednesday, may boost the Y 1.4 trillion quota on its monthly purchases of JGB’s and that other actions will be announced to alleviate the corporate credit squeeze. Bank officials continue to resist cutting their 0.1% overnight money rate target to […] More
U.S. Capital Flows
March 16, 2009
January capital flows reported by the U.S. Treasury again paint a misleading currency market picture. Between the end of 2008 and the end of January, the dollar had appreciated 9.0% against the euro and dipped only 0.8% versus the yen. In contrast, all three net capital flow aggregates produced deficits in the latest month. The […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: OPEC Didn't Cut Output Quotas
March 16, 2009
Contrary to expectations, OPEC ministers in Vienna did not agree to further production cuts, and the dollar is showing losses against commodity-sensitive currencies. The buck has dropped 1.3% against the kiwi, 0.7% against the Australian dollar, and 0.5% against the Canadian dollar. It has also fallen 1.7% against sterling, 0.8% against the euro, and 0.2% […] More
