Archive for November 12th, 2010

Central Bank Watch

Malaysian Monetary Policy Remains Paused

November 12, 2010

Bank Negara Malaysia had implemented three consecutive 25-basis point rate hikes at its March, May, and July meetings but, as in September, left its Overnight Policy Rate at 2.75%, still 75 basis points shy of the pre-recession 3.5% level.  A statement released today expressed concern about “the potential risks arising from large and volatile capital […] More

Foreign Exchange Insights and Next Week

Next Week

November 12, 2010

As epilogue to the just competed Group of Twenty summit, leaders from the 21 members of the Asia-Pacific Economic Cooperation (APEC) will gather in Yokahama, Japan on the 13th and 14th for talks.  And next Friday, the ECB will be hosting its sixth annual central bank conference, its answer to the Fed’s Jackson Hole annual […] More

Foreign Exchange Insights and Next Week

Currency Prospects in the Final Eighth of 2010

November 12, 2010

Many key events have played out.  U.S. voters vented extreme displeasure, shifting government leadership sharply away from the Democrats and toward Republican rule.  The FOMC unveiled details of a controversial second round of quantitative easing.  The British government spelled out what programs will be cut in a dash for deficit reduction.  China made an initial […] More

New Overnight Developments Abroad - Daily Update

Asian Stocks Sink on Chinese Rate Hike Speculation

November 12, 2010

Equities tumbled 6.2% in China, 2.1% in India and Indonesia, 1.9% in Hong Kong, 1.6% in the Philippines, 1.3% in Singapore, 1.1% in Thailand, and 1.4% in Japan and Taiwan.  Investors suspect the People’s Bank of China may notch up its interest rates further over this weekend.  Stocks also fell 0.8% in Australia, 0.6% in […] More

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