Foreign Exchange Insights and Next Week
Who Dealt This Mess Anyway?
November 19, 2014
In this second decade of the 21st century, it is increasingly difficult to pull together a cogent market story. Part of the problem is the senseless path that world geopolitics seems to be taking. History documents crises that were more costly than present-day disturbances, but there is a global element to present day dangers that […] More
Central Bank Watch
Bank of Japan Review
November 19, 2014
The first meeting since a dramatic augmentation of quantitative stimulus, which took 5 hours and 24 minutes, reaffirmed those new policy parameters. The monetary base is being expanded via asset purchases by 80 trillion yen per year, versus 60-70 trillion prior to October 31. Annual JGB purchases will amount to 80 trillion yen, up from […] More
Central Bank Watch
Central Bank of Chile: Easing on Hold
November 19, 2014
Chilean officials are trying to strike a policy balance that maintains the credibility of the 2-4% inflation target but also supports growth, which is near 2% and at a five-year low. Monetary officials previously had implemented eight 25-basis point rate cuts in January 2012, October and November 2013, and February, March, July, August and September […] More
New Overnight Developments Abroad - Daily Update
Senate Vote Fall Short of 60 Needed to Approve Keystone XL Oil Pipeline
November 19, 2014
The dollar advanced overnight by 1.0% against the Australian dollar, 0.8% versus the kiwi, 0.7% relative to the yen, and 0.4% vis-a-vis the loonie. The dollar is unchanged against the yuan and down 0.2% relative to sterling and 0.1% against the euro and Swissie. Equities in the Pacific Rim rose 1.2% in Taiwan, 0.6% in […] More
