Central Bank Watch
Return of the Chairman
August 25, 2011
Hope has ebbed progressively all week that Federal Chairman will pre-announce a new monetary stimulus in his Jackson Hole speech Friday, just as he did exactly a year ago. Not only did central bank spokesmen say nothing during the week to encourage the high hopes of last Monday, but the press and business talk shows […] More
Deeper Analysis
Footprints of Diversification from Dollar
August 25, 2011
From its highs in 2010 to its lows this year, the U.S. dollar fell over 10% against assorted other widely traded currencies, and it is quoted presently much nearer to the 2011 lows than the 2010 highs. Dollar vs 2010 High 2011 Low % Change 08/25/11 Euro 1.1875 1.4939 -20.5% 1.4408 Yen 94.98 75.93 -20.1% […] More
New Overnight Developments Abroad - Daily Update
Jackson Hole Expectations Dumbed Down
August 25, 2011
The annual Jackson Hole symposium sponsored by the Kansas City Fed begins today, with Bernanke speaking at 14:00 GMT tomorrow. Analysts have scaled back their expectations that he might unveil significant stimulus. The dollar is narrowly mixed, rising 0.4% against the kiwi, 0.2% relative to the yen, and 0.1% versus the Aussie dollar but easing […] More
