Central Bank Watch
Colombian Interbank Rate Held at 4.5%
July 24, 2009
The Bank of the Republic left its key rate unchanged at 4.5%, as officials had hinted a month ago it was likely to do. Six rate cuts in consecutive months of 50 bps each in January and June sandwiched around four straight declines of 100 bps are expected to provide enough stimulus. Quarter-on-quarter growth turned […] More
Foreign Exchange Insights and Next Week
Next Week
July 24, 2009
The final week of the July offers a heavy data diet from Japan, Europe, and the United States, Sino talks with Geithner, and speeches from Bernanke, Dudley, and Yellin. At least six central banks have interest rate policy meetings: Hungary, India, Israel, Malaysia, New Zealand and Poland. No changes are expected in the last four […] More
Foreign Exchange Insights and Next Week
Foreign Exchange Insights: July 24th
July 24, 2009
Dollar movement has been dictated by shifting investor risk preferences since mid-September when Lehman Brothers failed, and equity markets have served as a gauge of attitudes toward risk. The decline and subsequent rebound of equities has occurred on a global scale. Since March 9th, the Dow Jones Industrials, German Dax, and Japanese Nikkei have climbed […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Better-Than-Expected German Data
July 24, 2009
The dollar, sterling and yen are relatively soft today, and stocks have gained. The dollar fell 0.8% against the Swiss franc, 0.7% against the euro and 0.6% against three commodity currencies (CAD, NZ$ and AUD). Sterling is steady against the softer dollar, and the yen has edged only 0.1% higher against the U.S. currency. Asian […] More
