Archive for March 16th, 2009

Currency Markets in the News

Bank of Japan Preview

March 16, 2009

Press reports in Japan have surfaced that the Bank of Japan, which meets Tuesday and Wednesday, may boost the Y 1.4 trillion quota on its monthly purchases of JGB’s and that other actions will be announced to alleviate the corporate credit squeeze.  Bank officials continue to resist cutting their 0.1% overnight money rate target to […] More

U.S. Capital Flows

March 16, 2009

January capital flows reported by the U.S. Treasury again paint a misleading currency market picture.  Between the end of 2008 and the end of January, the dollar had appreciated 9.0% against the euro and dipped only 0.8% versus the yen.  In contrast, all three net capital flow aggregates produced deficits in the latest month.  The […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: OPEC Didn't Cut Output Quotas

March 16, 2009

Contrary to expectations, OPEC ministers in Vienna did not agree to further production cuts, and the dollar is showing losses against commodity-sensitive currencies.  The buck has dropped 1.3% against the kiwi, 0.7% against the Australian dollar, and 0.5% against the Canadian dollar.  It has also fallen 1.7% against sterling, 0.8% against the euro, and 0.2% […] More