Foreign Exchange Insights and Next Week
Next Week
April 11, 2014
The IMF/World Bank spring meetings in Washington, D.C. continue to run through the weekend of April 12-13. Later today, a communique will be released jointly by the Group of Twenty finance ministers and central bank leaders. Later next week, the Bank of Japan’s holds a quarterly branch managers meeting, the Federal Reserve Beige Book will […] More
Central Bank Watch
Central Reserve Bank Peru
April 11, 2014
Peru’s monetary policy bias remains skewed toward ease, but officials prefer to use non-interest rate instruments such as the further reserve requirement cut announced today after the monthly meeting. The RR ratio drops to 12.0% from 12.5%, while the 4.0% reference interest rate was not changed. This past November saw the reference rate reduced by […] More
New Overnight Developments Abroad - Daily Update
Rough Day Concludes Rough Week for Equities, Especially Tech Sector
April 11, 2014
Stocks in Europe have slumped so far by 1.8% in Germany and Switzerland, 1.7% in Spain, 1.4% in France and 1.2% in Britain and Italy. Japan’s Nikkei closed down 2.4% and below the 14,000 level. Stocks also dropped by 1.0% in Australia, 0.8% in Hong Kong, 0.6% in south Korea and 0.5% in New Zealand […] More
