Central Bank Watch
ECB Preview
April 3, 2012
Because of the upcoming Good Friday/Easter Monday holidays, the ECB monthly meeting is being held Wednesday instead of on the usual first Thursday of the month. The rate decision, to be announced tomorrow at 11:45 GMT, will confirm universal expectations of no change in the 1.0% refinancing rate. Likewise, the Governing Council’s statement is unlikely […] More
Central Bank Watch
Australian Monetary Policy Unchanged but with a Possibility of Ease in May
April 3, 2012
The Reserve Bank of Australia’s 4.25% Official Cash Rate (OCR) was not cut at the April Board meeting, nor had such been expected. After cuts of 25 basis points each last November and December and no scheduled meeting in January, officials have considered the 4.25% OCR “appropriate” and did not reduce it any further as […] More
New Overnight Developments Abroad - Daily Update
Easter Week Continues
April 3, 2012
The Easter holidays later this week are the second biggest interruption of currency trading in the calendar year. Before that time is upon us, however, there will be some central bank policy events, PMI data, and U.S. labor market figures for investors to digest. Overnight, the dollar rose 0.5% against the Australian dollar. The Reserve […] More
