Currency Markets in the News
ECB Preview
April 1, 2009
Markets are priced for a 50-basis point cut of the ECB refinancing rate to 1.0% at 11:45 GMT on Thursday, and central bank officials have said nothing to dissuade those expectations. By itself, that creates a compelling case for such action by this transparency-minding body of monetary officials. The ECB utilizes three interest rates, a […] More
Currency Markets in the News
U.S. Retains Advantage Over Euro Area in Factory PMI Comparison
April 1, 2009
Mf’g PMI’s United States Euroland Spread EUR/USD Feb 2008 48.8 52.3 -3.5 1.475 March 49.0 52.0 -3.0 1.553 April 48.6 50.7 -2.1 1.574 May 49.3 50.6 -1.3 1.555 June 49.5 49.2 +0.3 1.557 July 49.5 47.4 +2.1 1.577 August 49.3 47.6 +1.7 1.497 September 43.4 45.0 -1.6 1.437 October 38.7 41.1 -2.4 1.331 November 36.6 […] More
Currency Markets in the News
Tankan Survey Weaker Than Bearish Expectations
April 1, 2009
Bm Bnm Sm Snm All Dec 1998 -49 -39 -56 -43 Dec 1999 -17 -19 -32 -28 Dec 2000 10 -10 -16 -23 Dec 2001 -38 -22 -49 -39 -40 Dec 2002 -9 -16 -33 -36 -28 Dec 2003 11 -9 -13 -28 -15 Dec 2004 22 11 5 -14 1 […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Tankan Survey and European PMI's Released
April 1, 2009
Sterling gained 0.4% against the dollar and more against other currencies. The dollar has firmed 0.4% against the Swiss franc, 0.3% versus the kiwi and Canadian dollar, and 0.2% against the yen and euro. Aussie dollar is unchanged. Stocks mostly rose in Asia but are lower in Europe. Nikkei +3.0%. Equities gained 2.1% in South […] More
Bonds and Stocks
March and First-Quarter Markets in Figures
April 1, 2009
10-Yr Yield 03/31/09 Chg vs End-Feb Chg vs End-2008 U.S. 2.68% -35 Basis Points +56 Basis Points Germany 2.99% -12 +4 Japan 1.35% +7 +17 U.K. 3.17% -45 +15 Canada 2.78% -38 +9 3-month euros U.S. 1.19% -7 Basis Points -24 Basis Points Euroland 1.51% -32 -38 Japan 0.60 -4 -23 U.K. […] More
