Central Bank Watch
Bank of Israel in Pause Mode with Lessening Urgency to Tighten
August 29, 2011
From a low of 0.5% prior to August 2009 when the Bank of Israel became the first central bank anywhere to tighten after the Great Recession, ten rate hikes had been implemented by May of this year. Today, the Bank of Israel decided to extend its three-month policy pause at least for another month and […] More
New Overnight Developments Abroad - Daily Update
Swissie Weakens, Commodity Currencies Strengthen, and Irene Not as Bad as Feared
August 29, 2011
The U.S. dollar rose 1.1% against the Swiss franc but lost 0.6% against the Canadian dollar, 0.7% relative to the kiwi and 0.4% against the Aussie dollar. Other dollar relationships are pretty steady, with dips of 0.1% against the euro, yuan and sterling and no change in the yen. Britain is closed for a late […] More
