British inflation

All Eyes on the FOMC

June 18, 2013

Whether, when, and by how much to taper quantitative stimulus is the question of the day, as the FOMC meets on the first day of a 2-day meeting.  Creating even more uncertainty, President Obama while attending the G8 summit indicated that Chairman Bernanke had not originally planned to stay in that post as long as […] More

Weaker Yen and Pound

May 21, 2013

A day after suggesting the yen had fallen enough, Japanese Economics Minister Amari retreated, claiming no one really knows how far the yen’s downward correction will go. Sterling fell in response to lower-than-forecast British inflation in April.  The lower inflation drops, the greater becomes the Bank of England’s leeway to stimulate growth if that is […] More

Verbal Support for Weaker Yen, Soft Dollar, and Firm Euro

February 12, 2013

G7 finance ministers and central bankers released a standard statement on FX policy that failed to criticize Japan: “We, the G7 Ministers and Governors, reaffirm our longstanding commitment to market determined exchange rates and to consult closely in regard to actions in foreign exchange markets. We reaffirm that our fiscal and monetary policies have been […] More

Fresh Concern over Greek Debt Talks

November 13, 2012

An Ecofin meeting failed delayed a decision on the next tranche of aid to Greece until November 20th.  Leaders of the European Union and IMF have disagreed over deadlines when Greece must meet debt reduction targets.  The euro hit a two-month low of $1.2661 overnight but is up 0.1% on balance at the moment.  The […] More