Archive for April 10th, 2014

Foreign Exchange Insights and Next Week

Lackluster Dollar All Things Considered

April 10, 2014

I confess that I’m a die-hard dollar bear, a predisposition that comes to me naturally.  In most manners of life, one’s early experiences are very impressionable.  I began studying economics in the mid-1960s when Keynes was king, so it was easy for me to be skeptical of contradictory theories such as monetarism.  My introduction to […] More

Central Bank Watch

Bank of England

April 10, 2014

There’s not much to say about this month’s Bank of England monetary policy meeting, which ended with the release of a statement that divulged no useful background information on the decision to extend policy settings and redirected the public to meeting minutes, which will be released April 23rd for any fresh insights.  The Bank Rate […] More

Central Bank Watch

Bank of Korea Monetary Policy Stays on Hold

April 10, 2014

After five 25-basis point increases in South Korea’s seven-day repo rate between June 2010 and June 2011, such was cut 25 basis points in July 2012, October 2012 and, most recently, May 2013.  Policy has been on hold for the past eleven months at a rate level of 2.5%, but strengthening economic recovery and a […] More

New Overnight Developments Abroad - Daily Update

Further European Disinflation and Worrisome Chinese Trade Figures

April 10, 2014

A slew of European price data releases struck a theme of disinflation. Harmonized Greek consumer prices were 1.5% lower in March than a year earlier.  The Greek jobless rate in January (26.7%) again surpassed 25%. The 12-month decline in Spanish consumer prices widened to 0.4% in March from 0.1% in February. Danish harmonized CPI inflation […] More

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