Archive for May 22nd, 2009

Foreign Exchange Insights and Next Week

Weekly Foreign Exchange Insights: May 22nd

May 22, 2009

Dollar karma has deteriorated sharply since the last Insights piece two weeks ago.  The U.S. currency lost more than 4.0% this past week against many currencies, including the pound, euro, and several commodity-sensitive units.  More importantly, market chatter is warning of a potential large depreciation, and the dollar has dropped in spite of wobbly equity […] More

Central Bank Watch

Bank of Japan Upgrades Assessment, Leaves 0.1% Rate Target

May 22, 2009

The target for overnight call money will remain at 0.1% where such has been since being cut from 0.3% on December 19th.  The rate vote, after five hours and 42 minutes of deliberations over two days was 8-0.  All rate votes since December 2007 have been unanimous.  The BOJ expanded eligible collateral to include sovereign […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Dollar Hits Multi-Month Lows

May 22, 2009

Market chatter is full of talk about a new paradigm in which dollar, stocks, and bonds fall in tandem on frustration about massive U.S. deficit spending amid continuing weak economic growth.  Boston Fed President Rosengren made downbeat remarks about a possible U.S. recovery.  Bernanke gives a commencement address today at the BC law school. Euribor […] More