Archive for November 3rd, 2009

Currency Markets in the News

CPI Inflation in the Group of Seven and Implications For the Fed's Exit Strategy

November 3, 2009

According to price data released by the OECD today, on-year inflation in the Group of Seven (U.S., Euroland, Japan, Britain and Canada) printed at negative 1.0% but ranged widely between minus 2.2% in Japan and plus 1.1% in Britain.  The United States registered the biggest percentage point decline between the year to September 2008 and […] More

Central Bank Watch

Romanian Monetary Policy Settings Left Unchanged

November 3, 2009

There was no further reduction in the 8.0% benchmark rate of the National Bank Romania, nor in marginal reserve requirements.  The leu’s vulnerability amid political uncertainty had led analysts not to expect further easing, even though the inflation of 4.94% in the year to September was slightly more than 300 basis points lower than the […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Fresh Concern About Banks Hits Stocks, Lifts Dollar

November 3, 2009

There has been a wave of risk aversion plays amid upwardly revised loss estimates for commercial banks. Japan was closed for Culture Day, but stocks elsewhere in the Pacific Rim fell 1.8% in Hong Kong, 3.1% in India, 1.6% in Indonesia, 3.9% in Vietnam, 1.3% in Thailand, 0.6% in South Korea and 0.9% in Singapore.  […] More

Central Bank Watch

Australian Cash Rate Lifted 25 Basis Points to 3.5%

November 3, 2009

Monetary officials raised their benchmark interest rate by 25 basis points for a second consecutive month and released a similar statement to the first one, declaring the danger passed of a serious economic contraction and predicting near-trend and near-target inflation over the coming twelve months in spite of some drag from a firmer Aussie dollar.  […] More

css.php