Deeper Analysis
Mixed Signals from Treasury-Reported Capital Flows
January 18, 2011
Foreigners bought a net $93.9 billion of US. securities in November, the most since August and 67.1% greater than the October total. November’s purchases were also greater than the monthly averages of $78.3 billion bought during the last twelve months and $48.3 billion over the 12 months to November 2009. Treasury securities accounted for roughly […] More
Central Bank Watch
Canadian Central Bank Interest Rate Settings Left Unchanged
January 18, 2011
Bank of Canada officials decided to keep its overnight money rate at 1.0%, flanked by a 1.25% Bank Rate and a 0.75% deposit rate. A new statement from monetary officials does not flag a heightened likelihood of a near-term rate increase, concluding instead with the same language used in the prior December statement: “This leaves considerable […] More
New Overnight Developments Abroad - Daily Update
Stocks Up and Dollar Down
January 18, 2011
With the U.S. market reopening after a three-day holiday weekend, the dollar lost 1.0% against the euro, 0.7% against sterling, 0.6% versus the Swiss franc, 0.5% relative to the Australian dollar, 0.3% against the Canadian dollar, 0.2% versus the yen and yuan, and 0.1% against the kiwi. Stocks are up by 1.1% in Great Britain […] More
