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. Trading [...] 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
