Foreign Exchange Insights and Next Week
Next Week
February 13, 2009
A diversified regional and category slate of data is on tap for the week to February 20th. Special highlights include Japanese GDP on Monday, Euroland flash PMI’s on Friday, U.S. housing starts and industrial production on Wednesday, and British retail sales on Friday. Chinese retail sales also will be watched closely. A two-day meeting of […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: February 13th
February 13, 2009
Intra- and inter-day volatility, random noise if you will, has eclipsed any element of sustained currency market trend during the past five weeks. The dollar has traded widely within high-low ranges of 18.8% against the New Zealand kiwi, 12.2% against sterling, 12.1% against the Australian dollar, 7.5% against the Canadian dollar and almost identical bands […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Less Risk Aversion
February 13, 2009
Risk aversion subsided on hopes that the U.S. government will help troubled mortgage borrowers. Following yesterday’s late recovery in U.S. stocks, the Nikkei rose 1.0%, and stocks elsewhere in Asia went up 3.5% in China, 2.8% in Taiwan, 2.5% in Hong Kong, 1.8% in India, 1.7% in Malaysia, 1.1% in South Korea, 1.2% in Thailand […] More
Central Bank Watch
Central Bank of Chile Reduces Key Rate by Additional 250 Basis Points
February 13, 2009
A week after cutting its benchmark rate by 100 basis points to 7.25%, the Chilean Central Bank slashed it to 4.75%. A released statement pointed to a significant and greater-than-expected drop of inflation and a bigger emergence of excess aggregate supply that will promote a continuing ebbing of inflation. All this is happening against the […] More
