Central Bank Watch
Unexpected Colombian Rate Cut
September 25, 2009
The Bank of the Republic surprised analysts today with a 50-basis point reduction of its key interest rate to 4.0%. The previous two monthly policy meetings on August 28 and July 24 had result in no further drop in rates. The rate was 9.5% at the beginning of 2009, but was lower by 50 bps […] More
Foreign Exchange Insights and Next Week
Next Week
September 25, 2009
The week to October 2nd includes Germany’s national election on Sunday, Yom Kippur observances on Monday, central bank policy meetings in The Philippines, Romania, Poland, and Hungary, and an eight-day National Holiday in China beginning Thursday commemorating the sixtieth anniversary of the communist revolution. The ECB will be doing another long-dated 12-month repo, and the […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: September 25th
September 25, 2009
Currency movements continue to follow the cue of investor risk preferences, and stock prices provide a handy guide for shifting appetites between risk and safety. It is the nature of economic data to become especially mixed when economies transition from recession to recovery. As quarter-end approaches, numerous data reports have been weaker than forecast, a […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Big Rise of Yen and Drop in Nikkei
September 25, 2009
Several key currency big figures are now close by: namely $/Yen 90.0, Gbp/USD 1.6000, CAD/USD 1.0900. The U.S. dollar fell 1.2% against the yen, encouraged by Finance Minister Fujii’s reiterated opposition to intervention and by fiscal-half corporate repatriations of overseas earnings. The dollar also eased 0.4% against the Australian dollar, 0.3% against the euro and […] More
