Archive for October 22nd, 2014

Foreign Exchange Insights and Next Week

Financial Trick or Treat

October 22, 2014

The ‘Trick or Treat’ greeting of Halloween revelers offers a choice of extremes.  The handover of a holiday sweet is a happy moment for giver and receiver alike, while the contrary exchange of an act of vandalism for getting no candy leaves all parties dissatisfied.  There’s no middle ground, and so it has been for […] More

Central Bank Watch

Bank of Canada Keeps Four-Year-Old Policy Settings But Shares New Kernels of Wisdom

October 22, 2014

The monetary policy interest rate target has been at 1.0% since a 25-basis point hike in September 2010.  Following a quarterly review, that level is still considered appropriate, according to a statement released today.  The statement and accompanying Monetary Policy Report convey numerous insights into the latest thinking of Canada’s monetary policymakers. Canada’s output gap […] More

New Overnight Developments Abroad - Daily Update

Focus on Lessening Inflation

October 22, 2014

The latest monthly economic assessment from Japan’s government downgraded its view on consumer prices from “rising moderately” to “rising at a slower tempo recently.”  The overall view of the economy also was downgraded to “is on a moderate recovery, while weakness can be seen recently.” Australian third-quarter consumer price data revealed the smallest quarter-on-quarter rise […] More