Archive for September 5th, 2014

Central Bank Watch

Bank of Mexico: No Interest Rate Change as Expected

September 5, 2014

Mexico’s record low key central bank interest rate, which has been at 3.0% since a 50-basis point cut in June, increasingly looks like the trough of a downtrend that began from 8.25% at the end of 2008.  The rate was cut by 375 basis points during the first seven months of 2009, paused at 4.5% […] More

New Overnight Developments Abroad - Daily Update

Currency Markets Stabilize Ahead of U.S. Jobs Report

September 5, 2014

In contrast to yesterday’s sharp advance, the dollar overnight was on balance unchanged against the loonie, kiwi, yuan, and yen — but not before breaking through a key support to a 6-year peak of JPY 105.72 earlier.  The dollar’s down 0.1% versus the Swissie and euro (after an overnight high of 1.2922 per EUR) and […] More