Currency Markets in the News
The Consumer's Burden
July 28, 2009
Not long ago, house price stability was widely considered the main condition to end the U.S. recession on a sustaining basis. Today’s drop in equities suggests that stable house prices are no longer a sufficient or even the most important developments that is required. Today’s Case-Shiller report reflected much more improvement than anticipated. The composite […] More
Central Bank Watch
Monetary Policy Kept Unchanged in India
July 28, 2009
The Reserve Bank of India left its key repo and reverse repo rates at 4.75% and 3.25% and its cash reserve requirement at 5%. The result matched expectations and was accompanied by a statement that placed an upward bias on the Bank’s growth forecasted and revised projected inflation in fiscal 2009-10 to 5% from 4%. […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Softer Dollar
July 28, 2009
The dollar lost 1.2% against the Australian dollar, 0.8% against the kiwi, 0.6% relative to the yen, 0.4% versus the Canadian dollar, 0.3% against the euro and Swiss franc and 0.2% relative to sterling. The Nikkei closed unchanged. Elsewhere in Asia, stocks rose 1.8% in Singapore and Hong Kong, 1.6% in Taiwan, 1.3% in Indonesia, […] More
