Foreign Exchange Insights and Next Week
Next Week
September 16, 2011
Interest rate policy meetings will be held next week at central banks in the United States, Norway, Turkey, and Czech Republic, and minutes from meetings earlier this month will be published by the Bank of England and Reserve Bank of Australia. The week begins and ends with Japanese holiday closures, Respect for the Aged Day […] More
Foreign Exchange Insights and Next Week
The Top Concern is the Euro Debt Crisis
September 16, 2011
Next week’s main anticipated event will be the FOMC meeting on Tuesday and Wednesday, but the central problem weighing on global financial market psychology continues to be the euro area’s sovereign debt crisis. Greece remains the likeliest domino to fall. A default by Greece before yearend is considered likely, and Greek long-term interest rates remain […] More
Central Bank Watch
Reserve Bank of India Tightens Again
September 16, 2011
Because of a darkening global macroeconomic outlook, many central banks have paused monetary policy regardless of their domestic circumstances. The Reserve Bank of India is not one of them. A twelfth interest rate increase since March 2010 has been implemented today, with the repo rate raised 25 basis points to 8.25% and the reverse repo […] More
New Overnight Developments Abroad - Daily Update
Focus on Policy Support
September 16, 2011
Stocks in the Pacific Rim advanced by 3.7% in South Korea, 2.6% in Taiwan, 2.3% in Japan, 1.9% in Australia, 1.6% in Indonesia, 1.4% in Hong Kong, 0.8% in Singapore but just 0.3% in India and 0.2% in China where containing inflation remains the top priority. In Europe, the German Dax so far is up […] More
