Archive for April 23rd, 2009

Central Bank Watch

Semi-Annual Canadian Monetary Policy Report

April 23, 2009

The Bank of Canada today Reiterated that its overnight rate target of 0.25% will not be cut further, but neither will such be raised before mid-2010 assuming inflation behaves as officials assume, Presented and explained new global and Canadian forecasts for growth and inflation, Expressed the belief that monetary and fiscal stimulus are now ample […] More

Currency Markets in the News

Euroland Purchasing Manager Indices

April 23, 2009

The knock against Euroland has been that the intensity of its recession, unlike America’s, has not begun to lessen.  Preliminary purchasing manager survey results released today provide the most convincing evidence to date that the downturn in Euroland will be less severe in the second quarter than in 4Q08 and the first quarter of 2009.  […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Euroland Data Less Bad

April 23, 2009

The dollar fell 0.7% against the kiwi, 0.6% against the Australian dollar, 0.4% against sterling and the euro, and 0.3% against the Canadian dollar. But the buck also rose 0.3% against the yen and Swiss franc.  This kind of currency pattern signifies less risk aversion today. So does a rise in most stock markets. In […] More