Archive for May 26th, 2009

Currency Markets in the News

German and Japanese GDP Growth Similarities and Differences

May 26, 2009

German and Japanese real GDP plunged at seasonally adjusted annualized rates (saar) of 11.5% and 14.8% during the half-year between 3Q08 and 1Q09.  These are the largest economies in Europe and Asia, and they experienced similar declines in business investment — 36.5% saar in Germany and 30.0% saar in Japan.  Exports comprised the other area […] More

Central Bank Watch

Bank Negara Malaysia Keeps 2.0% Key Interest Rate

May 26, 2009

Malaysia’s central retained a 2.0% overnight policy rate just as it did after the prior policy meeting on April 29th.  The rate previously was cut by 25 basis points in November, 75 bps in January and 50 bps in February.  A released statement projects that positive growth will resume in the second half of this […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments: Risk Aversion Is Back

May 26, 2009

There’s been a big rise of the dollar and a big decline in stocks on two factors: 1) North Korea firing two more short-range missiles and 2) heightened jitters about German banks. Stocks fell 2.1% in South Korea, 2.3% in India, 1.8% in Indonesia, 1.4% in Thailand, 1.2% in China, 0.8% in Hong Kong and […] More