Archive for October 16th, 2009

New Overnight Developments Abroad - Daily Update

Next Week

October 16, 2009

The week ahead has considerable central bank activity.  Interest rate policy meetings are scheduled in Canada, South Africa, Sweden, Colombia, Brazil, Thailand and Hungary.  Only the last from this list is likely to result in an interest rate cut.  Minutes from prior meetings will be circulated from the Bank of Japan, Bank of England and […] More

Foreign Exchange Insights and Next Week

Weekly Foreign Exchange Insights: October 16

October 16, 2009

One tends to learn more about U.S. foreign exchange policy from the Treasury Department’s semi-annual currency market reports than from the occasional and highly repetitive remarks by the Treasury Secretary or other top officials.  The latest such report was released on October 15, arriving at an auspicious time when market professionals have been examining the […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Waiting For U.S. Data

October 16, 2009

Not much data has been released overseas.  In North America, Canada will release consumer prices at 11:00.  Later, the United States reports industrial output, capacity usage, the U. Michigan preliminary consumer sentiment index, and the Treasury monthly capital flows.  The Bank of Mexico is expected to retain a 4.5% benchmark interest rate, but Governor Ortiz […] More

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