Archive for March 15th, 2013

Foreign Exchange Insights and Next Week

Next Week

March 15, 2013

On the central banking beat, monetary policy meetings are scheduled in South Africa, Iceland, India and the United States.  The FOMC meeting will be followed by a Bernanke press conference and the unveiling of new macroeconomic forecasts.  Central bank Bulletins will be published in Switzerland and Australia, and minutes from the March Bank of England […] More

Central Bank Watch

Russian Interest Rate Left Unchanged

March 15, 2013

The Bank of Russia‚Äôs Board of Directors kept its refinancing rate at 8.25%, the level since a 25-basis point hike last September and also the level prior to a 25-bp cut in December 2011. A statement on Bank Rossii’s web site calls “the current level of money market interest rates appropriate for achieving the balance […] More

Central Bank Watch

Central Bank of Chile: Again No Rate Change

March 15, 2013

Chile’s monetary policy interest rate was kept at 5.0%, the level since a 25-basis point cut authorized in January 2012, which at the time was the first change in over two years.  In its released statement, Central Bank of Chile officials note that Domestic demand and output have recently exceeded what officials were assuming.  Chile […] More

New Overnight Developments Abroad - Daily Update

Friday Profit-Taking

March 15, 2013

The dollar and stocks are lower this Ides of March. The dollar fell 0.5% against the yen, euro and Swiss franc but is unchanged versus the yen and yuan.  The greenback dipped 0.1% against the loonie and kiwi and firmed 0.1% relative to the Australian dollar. Whereas Japan’s sizzling Nikkei rally was extended by 1.5%, […] More

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