Archive for July 23rd, 2009

Quarterly Canadian Monetary Policy Report Released

July 23, 2009

Under a new more transparent format, Canada’s central bank today released a full 25-page policy report.  It previously released lengthy explanations of its assumptions and expectations in April and October but condensed 8-page updates in July and January.  Many of the latest major points were included in Tuesday’s scheduled interest rate announcement.  Among the reports […] More

U.S. Unemployment Outlook

July 23, 2009

The labor market cup regrettably remains more half empty than half full and is getting considerable attention from Fed officials.  New jobless insurance claims averaged 566K per week over the past four reported weeks, the lowest four-week average  since January 24th and down from 618K in the prior four weeks to June 20th and a […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Weaker Yen

July 23, 2009

The yen lost 1.1% against the dollar.  In a further sign of less risk aversion, the dollar fell 0.4% against the Australian dollar, 0.3% relative to sterling, 0.2% against the kiwi and 0.1% against the Canadian dollar.  The greenback is unchanged against the euro but 0.3% firmer relative to the Swiss franc. Ten-year gilt and […] More