Archive for October 22nd, 2010

Foreign Exchange Insights and Next Week

Next Week

October 22, 2010

A very busy week lies ahead beginning with a G20 statement tomorrow.  Central bank policy meetings will be held in Israel, Hungary, India, Poland, the Czech Republic, Sweden, Norway, New Zealand, and Japan where a new quarterly outlook with forecasts will also be published.  The Reserve Bank of Australia publishes its annual report.  Many Fed […] More

Foreign Exchange Insights and Next Week

Can a Dollar Floor Be Found Soon?

October 22, 2010

Last week was just full of surprises.  Monetary policies around the world became more diversified.  A tightening interest rate cycle began in China, and ECB officials showed more willingness to scale back unconventional measures.  Other central banks, for example those in Canada and Brazil, put rate normalization programs on pause, and a third group including […] More

New Overnight Developments Abroad - Daily Update

A Proposal from Geithner to the G20

October 22, 2010

Finance ministers and central bank chiefs from the Group of Twenty are meeting in Gyeongiu, South Korea.  U.S. Treasury Secretary Geithner has proposed a target for current account-to-GDP ratios, which the big surplus countries appear to be rejecting.  Market players doubt any significant breakthrough on currency management will emerge at this meeting but are in […] More

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