Foreign Exchange Insights and Next Week
Next Week
November 20, 2009
There is a fuller calendar of scheduled economic data releases next week than the one that just ended despite significant holiday interruptions in North America and Asia. Central bank policy meetings in Israel, Malaysia, Mexico and Poland are not expected to result in any interest rate changes, but a cut in Hungary appears to [...] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: November 20th
November 20, 2009
Currency markets are not showing very strong convictions about future trends, and that’s understandable given the wide dispersion of projected economic growth in 2010 among economists. Although the new year and decade begin in less than six weeks, a minority of analysts are projecting U.S. growth of 4.0%, others fear a relapse into recession, and [...] More
Central Bank Watch
Bank of Japan Upgrades Assessment And Leaves Key Rate at 0.10%
November 20, 2009
As it has done all this calendar year, the Bank of Japan left its overnight uncollateralized interest rate steady at 0.1%. The vote was 8-0, and the decision was universally anticipated by analysts. The two-day meeting had lasted just under 6-1/2 hours in all. What had not been generally foreseen was a further upgrade in [...] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Widening Policy Dispute Between Japanese Government and BOJ
November 20, 2009
Overnight currency movements — a firmer yen and dollar — indicate greater aversion to risk. The dollar lost 0.2% against the yen but strengthened 1.0% against the kiwi, 0.8% against sterling and the Aussie dollar, 0.4% relative to the Canadian dollar and Swiss franc and 0.3% against the euro. Pacific Basin stocks were mostly lower, with [...] More
