Foreign Exchange Insights and Next Week
Next Week
September 11, 2009
The week to September 18th has scheduled central bank meetings in Japan, Switzerland, Mexico and Turkey and the release of minutes from the last Swedish Riksbank and Bank of England meetings. The Bank of Japan will release a new assessment of the economy and hold its monthly press conference presided over by Governor Shirakawa. At […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: September 11th
September 11, 2009
Dollar weakness has carried over into the autumn trading season as investors assumed it would. The dollar has so far lost 1.9% or more against the euro, Swiss franc, sterling, kiwi, and yen in the week of September 11th. From 2009 highs, dollar depreciation exceeds 25% against the Australian and New Zealand dollars, surpasses 15% […] More
Central Bank Watch
Peruvian Central Bank Rate Unchanged at 1.25%
September 11, 2009
The Central Reserve Bank of Peru left its monetary policy reference interest rate at 1.25%, an outcome which was expected but nonetheless breaks a streak of monthly cuts since February. At first rates were reduced slowly from a peak of 6.5%, dropping by 25 basis points each in February and March. However, in response to […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Yen Nearing 90.0/$ and Gold Back Above $1000/Ounce
September 11, 2009
The dollar lost 1% against the yen and is below 91. The greenback also has eased 0.3% against the Canadian dollar, 0.2% relative to the euro, kiwi and pound, and 0.1% against the Swiss franc. Stocks gained in Asia (except for a 0.7% drop in Japan) and Europe. Chinese shares advanced 2.4% on better-than-expected data. […] More
