Currency Markets in the News
More Green Shoots
August 26, 2009
The signs of economic spring are arriving in greater abundance and color, and it’s happening most everywhere. World trade volume rose in June for the first time in 11 months according to a Dutch think tank. Real GDP expanded 1.3% at a seasonally adjusted annualize rate (saar) during 2Q09 in both Germany and France. Euroland’s […] More
Central Bank Watch
Polish Reference Central Bank Rate To Remain at 3.5%
August 26, 2009
As in many countries, Polish monetary policy is on hold after being eased quite substantially earlier. The Narodowy Bank Polski made no change in key interest rates for the third consecutive monthly meeting. No move was expected. There were six cuts between late November and late June, one each of 75 basis points in December […] More
Central Bank Watch
Bank of Thailand Interest Rate Kept Unchanged
August 26, 2009
Thailand’s policy interest rate will remain at 1.25% after the third meeting since being last cut by 25 basis points on April 8th. The decision was expected especially in light of positive second quarter-over-first quarter GDP growth, a development noted in the statement released by the Bank of Thailand. Officials called the current policy stance […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: More Signs of Global Economic Improvement
August 26, 2009
The dollar is mostly up despite some good data, suggesting that risk acceptance play may be ebbing. The dollar has gained 0.6% against the Canadian dollar after Deputy Bank of Canada Governor Lane reiterated that C-dollar strength is a risk factor. The U.S. currency also climbed 0.4% against sterling and the Australian dollar, and 0.1% […] More
