Central Bank Watch
Bank of Mexico Reference Rate Left Steady at 4.5%
September 18, 2009
As expected and as officials decided at the August policy meeting, the Mexican key central bank rate was not changed at today’s meeting. There had previously been a reduction in each of the first seven months to 2009, totaling 375 bps. The statement today from the central bank warns about the inflationary effect of scheduled […] More
Foreign Exchange Insights and Next Week
Next Week
September 18, 2009
The FOMC leads a contingent of central bank meetings in the week to September 25, which also includes those in Hong Kong, the Czech Republic, South Africa, Norway, Colombia and Israel. Note that the Bank of Israel was the first and still only monetary authority to lift rates, so don’t be surprised if it hikes […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: September 18th
September 18, 2009
The dollar in most cases has declined quite sharply in the two weeks since the Labor Day weekend, depressed by rebounding investor risk taking, the likelihood that very low short-term U.S. interest rates will remain so for considerably longer, and concerns about U.S. fiscal policy and the possibility that the dollar will not continue to […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Japanese Yen Policy Less Clear
September 18, 2009
The dollar has appreciated 0.6% against sterling and the Canadian dollar, 0.3% relative to the Australian dollar and yen, and 0.2% against the euro and Swissy. Stocks fell 3.6% in China, 0.9% in Singapore, 0.7% in Hong Kong and Japan, and 0.5% in Australia. But equities rose in Vietnam, the Philippines, Indonesia, Taiwan, Thailand and […] More
