Currency Markets in the News
Are the U.S. And Euro Area Economies Converging Again? PMI's Suggest So.
June 3, 2009
PMIs U.S. Ezone U.S. Ezone Sum of Services Services Spread Mf’g Mf’g Spread Spreads Feb 2008 49.7 52.3 -2.6 48.8 52.3 -3.5 -6.1 March 49.9 51.6 -1.7 49.0 52.0 -3.0 -4.7 April 51.9 52.0 -0.1 48.6 50.7 -2.1 -2.2 May 51.2 50.6 +0.6 49.3 50.6 -1.3 -0.7 June 48.8 49.1 -0.3 49.5 […] More
Central Bank Watch
Another Indonesian Rate Cut
June 3, 2009
Bank Indonesia implemented an as-forecast 25-basis point cut of its policy rate to 7.0%. It also eased by 25 bps in April and May and by 50 bps in each month of the first quarter. The cyclical peak of 9.5% prevailed for just two months until a first rate cut of 25 basis points was […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Stocks Mixed and Dollar Up
June 3, 2009
The dollar recovered 1.2% against the kiwi, 0.4% relative to the euro and Canadian dollar, 0.3% against the Swiss franc and Australian dollar and 0.1% relative to sterling and the yen. A statement from Asian central banks expressed confidence in the dollar. Intervention rumors. Thai intervention was confirmed. Stocks climbed in Asia but fell in […] More
