euro area current account

Not Much Happening at the Solstice

June 20, 2014

The dollar is up 0.3% against the kiwi and shows upticks of 0.1% versus the euro, yen, Swissie, sterling, and Australian dollar.  The dollar is 0.1% softer relative to the yuan. The ten-year British gilt yield firmed three basis points.  The equivalent German bund is a basis point higher, but the Japanese JGB dipped a […] More

Four Central Banks in the Spotlight

May 21, 2014

Minutes from the Bank of England’s meeting on May 7-8 revealed an increasing inclination by some members of the Monetary Policy Committee to entertain the thought of starting to raise interest rates, but the vote against doing so at that meeting remained unanimous.  The debate is focused on determining how much slack remains in the […] More

A Busy Day

May 22, 2013

Many things are happening today.  One spotlight is on central banks.  The BOJ did not change policy of aggressive quantitative easing.  The economic assessment was upgraded, but market players are somewhat disappointed that no concrete modifications were announced to stop the erratic yet sharply rising trend in JGB yields, which have roughly doubled since early […] More

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