Currency Markets in the News
Preview of Bank of Japan Policy Board Meeting
August 10, 2009
Since its own banking system problems emerged in the early 1990’s, Japanese monetary policy never returned to normal. The overnight interest rate has not exceeded 0.5% for the past 14 years. Another unanimous BOJ vote to leave policy settings unchanged is expected overwhelmingly. The overnight rate target was cut twice in the fourth quarter of […] More
Currency Markets in the News
Expected Real GDP Growth in Major Advanced Economies
August 10, 2009
The results of a new monthly survey of 13 esteemed forecasting institutions were published in the latest issue of The Economist, and the United States enjoys a commanding edge over most other G-7 economies despite being the economy that triggered the financial crisis and global recession. Participants in the survey project an average positive growth […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: European Stocks Lower
August 10, 2009
The German Dax, Paris Cac and British Ftse have slipped 0.7%, 0.6% and 0.6%, and U.S. futures indicate a lower open with no new data scheduled. Pacific Rim stocks closed mixed. Gains were made of 1.1% in Japan, 2.7% in Hong Kong, 2.7% in Pakistan,1.7% in Indonesia, 2.4% in The Philippines and 2.2% in Vietnam. […] More
