Central Bank Watch
Central Reserve Bank of Peru Maintains an Easing Bias
February 14, 2014
The Peruvian reference interest rate, which was cut by 25 basis points to 4.0% in mid-November but left unchanged last month, was retained again after officials met yesterday. However, reserve requirements were cut: “The rate of maximum mean reserve requirements and marginal reserve requirements in domestic currency was lowered from 14 to 13 percent….. The […] More
Foreign Exchange Insights and Next Week
Next Week
February 14, 2014
U.S. markets will be closed Monday for President’s Day. European finance ministers hold another meeting early in the week. The EU Commission will be releasing new forecasts. On the central bank watching front, interest rate policy meetings are scheduled in Japan, Turkey and Hungary. Meetings of prior policy meetings get published by the FOMC, Reserve […] More
New Overnight Developments Abroad - Daily Update
European GDP Growth Last Quarter Beats Expectations and Lifts Euro
February 14, 2014
The dollar had depreciated by 0.9% against the Swiss franc, 0.8% relative to the euro, and 0.7% versus sterling. The greenback also lost 0.6% against the yen, 0.7% versus the kiwi, and 0.4% relative to the loonie. There’s been a dip of 0.1% against the Aussie dollar and a 0.1% uptick versus the yuan. The […] More
