Central Bank Watch
FOMC Minutes
April 8, 2015
Released minutes from the March 17-18 Federal Open Market Committee meeting revealed divided views regarding the pros and cons of hiking the federal funds rate target range of 0-0.25% as soon as June. Among members then reluctant to tighten that early, concerns about the dollar and energy need to subside to reassure them that benefits […] More
Central Bank Watch
Bank of Japan Left Policy the Same
April 8, 2015
At this week’s BOJ Board meeting, the overnight interest rate target was retained at 0.0-0.1%. Rates continue to be pinned by a program of asset purchases totaling JPY 80 trillion of JGBs per year in order to boost Japan’s monetary base at a similar pace. The central bank’s balance sheet rose by 22.4 trillion yen […] More
New Overnight Developments Abroad - Daily Update
A Weaker Dollar
April 8, 2015
The U.S. currency fell overnight by 1.2% against the kiwi, 1.1% relative to the Australian dollar, 0.8% vis-a-vis the loonie, 0.6% versus the Swiss franc, 0.5% against the euro, and 0.4% versus the yen. The yuan is 0.1% softer. Share prices advanced 3.8% in Hong Kong, 0.8% in in Japan and China, 0.7% in India, […] More
